Senate queries NNPC over payment of $289m cash to NIA in 2015

THE Senate on Friday faulted the authorities of the Nigerian National Petroleum Corporation (NNPC) for paying the sum of $289 million to the National Intelligence Agency (NIA) in 2015.

This revelation came barely three years after the $43million scandal that led to the sack of a former Director-General of the agency, Mr. Ayodele Oke

The money found in an Ikoyi apartment of the former NIA DG by operatives of the Economic and Financial Crimes Commission (EFCC) was said to be a fraction of the $289million cash collected by the ex-DG from the NNPC.

The Financial Director of the NNPC, Mr Godwin Okonkwo, disclosed this to the Senate Committee on Public Accounts  in Abuja.

According to Okonkwo, the $289million cash  given to the former NIA boss by the Central Bank of Nigeria (CBN) was based on a directive  to that effect from the NNPC.

Okonkwo said the NNPC directed the CBN to release the said money to the NIA  based on a directive to it from the then Presidency.

The Presidency, he explained, gave the approval for the payment of the said amount to the NIA on February 16, 2015, which was carried out by the CBN  on February 24, 2015  to the former DG and not to the account of the security outfit.


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