President Muhammadu Buhari has expressed anger over multiple bank accounts operated by Nigerian National Petroleum Corporation, NNPC.
Speaking yesterday in Johannesburg, South Africa, Buhari said either the Ministry of Finance or the corporation itself has lost track of some of the numerous bank accounts.
Buhari, a former petroleum minister and former Nigerian military head of state, expressed shock at the development, describing it as “improper”.
As petroleum minister during the Chief Olusegun Obasanjo military regime, (1976-1979) Buhari said NNPC had only three accounts, in contrast to what the Jonathan government bequeathed: “too many accounts such that the NNPC and the ministry of finance did not know how many accounts they had.”
Meanwhile, the President is expected to meet the head of a leading global watchdog on corruption to see how billions of dollars in oil revenue leakage can be curbed.
Reuters reports that the head of Oslo-based Extractive Industries Transparency Initiative, EITI, is expected to meet the President or vice president this week.

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