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Nigerian Senate Orders Audit of Unaccounted $20 Billion in Oil Revenue

Nigerian lawmakers investigating a claim that the state oil company has failed to remit $20 billion in oil revenues ordered a forensic audit of fuel-subsidy payments on Thursday to find out where the money has gone. Central Bank Governor Lamido Sanusi wrote a letter last September to President Goodluck Jonathan saying almost $50 billion in revenues from oil exports from January 2012 to July 2013 had not been remitted to the federation account, in a clear violation of the law. He later...

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