Corruption in Nigeria: Former President Jonathan Remitted $100M For Sold $1.85B Oil Block – naij.com

June 19, 2015

Nigeria

As there were preparations this week for President Muhammadu Buhari to meet with the head of the leading global corruption watchdog, Clare Short this week, a new allegation has been brought forward.

 

JONATHAN REMITTED $100m FOR SOLD $1.8billion OIL BLOCK

 

According to Daily Times, a credible source has revealed how the Jonathan administration had sold an oil bloc for $1.85 billion, but made available a meager amount of $100 million. This, which topped the agenda of the meeting will be probed to know what exactly went wrong.

The Extractive Industries Transparency Initiative (EITI), Clare Short, is a world body committed to enthroning transparency, accountability and prudent management of revenues from oil, gas and mining to support development and reduce poverty in resource rich countries like Nigeria.

However, the executive secretary of the EITI in Nigeria, Zainab Ahmed, said over $7.5 billion between 1999-2011 have been unaccounted for in the oil and gas sector in the country.

READ MORE: http://www.naij.com/465278-jonathan-remitted-100m-for-sold-1-85b-oil-bloc.html

 

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FRIDAY, JUNE 19, 2015.  NOON [GMT]

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