The report centres around early 2014 revelations by Nigeria’s central bank governor Lamido Sanusi that $20 billion in NNPC oil sale revenues had gone missing. The report picks up this story, and offers the first in-depth, independent analysis of how NNPC sells its oil. It identifies the most pressing problems—including several largely ignored by the prior government’s response to Mr. Sanusi’s allegations—and offers recommendations for their reform.
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