Finance ministry disputes claims of missing $12.4 billion in Nigeria’s external accounts

KEY POINTS MAIN STORY Nigeria’s Federal Ministry of Finance has rejected reports suggesting that $12.4 billion in the country’s external accounts is missing or represents withheld oil earnings, saying the figure reflects discrepancies in the recording of international transactions rather than an identifiable pool of lost funds. In a statement issued on Tuesday and signed … Continue reading Finance ministry disputes claims of missing $12.4 billion in Nigeria’s external accounts