Breaking:NNPC indicted by PWC report-to refund $1.48bn

The report of the investigation into the Nigerian National Petroleum Cooporation,NNPC which was submitted to the President Goodluck Jonathan on monday has indicted the management of the cooporation for engaging in different questionable transactions amounting to the tune of $1.48 billion which its refund is part of its many recomendations
. President Goodluck Jonathan had on Monday publicly received the report a day after a former Governor of the Central Bank of Nigeria [CBN], Chukwuma Soludo, wrote a long, acerbic article accusing the managers of the Nigerian economy of misappropriating over N30trillion of public funds, including several billions in oil money.

The forensic audit was commissioned following allegation by the immediate past Governor of the CBN, Lamido Sanusi, that about $20 billion oil money was missing from the NNPC.details later