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Economy

$20b ‘missing’ oil cash diverted to PDP Campaign for 2015 General Elections

JOANTHAN-AND-ALLISON-MADUEKE

The Economic and Financial Crimes Commission( EFCC) has traced the diversion of the substantial part of the missing $20billion oil cash  to the 2015 electioneering campaign of the Peoples Democratic Party (PDP). The anti-graft agency discovered how the cash was transferred and wired into secret accounts for political purposes. It …

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Audit: N3.2tr unpaid into national treasury in 2014

President-Goodluck-Ebele-Jonathan

No cash backing  for N2.3b Armed Forces premium $316.2m can’t be traced FACTS AND FIGURES •$235.6m gas cash diverted to escrow accounts •N73.5b spent contrary to established purpose •N36.4b released to ONSA for dam rehabilitation •N10billion SURE-P funds undisclosed •National Assembly’s management disbursed N9,514,568,222.62, without payment vouchers •N12.6b rice levy …

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