International auditors: At least $1.48 billion missing from Nigerian oil account

February 5, 2015 4:30 PM

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ABUJA, Nigeria – An international forensic audit says at least $1.48 billion is missing from Nigeria's oil revenues — far less than the $20 billion alleged by the former Central Bank governor.

The report by PricewaterhouseCoopers covering January 2012 to July 2013 is an indictment of the state-owned Nigerian National Petroleum Corp.

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