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Why Nobody Was Indicted Over Alleged Missing $49.8bn- Makarfi

As the former Minister of Petroleum, Diezani Alison-Madueke prepares to stand trial in the United Kingdom for alleged corrupt offenses in Nigeria, reasons have been proffered why she or any other individual was not indicted in the infamous missing $49.8 billion proceeds to the federation account.The former Chairman of the Senate Committee on Finance, Alhaji Ahmed Makarfi Wednesday told finance journalists in Abuja why the immediate past Minister of Petroleum Resources, Diezani Alison-Madueke was not indicted by the committee that investigated the unremitted $49.8bn revenue by the Nigerian National Petroleum Corporation.

 

Makarfi who served as former governor of Kaduna state was the chairman of the committee that set up by the seventh senate to investigate the $48.9bn unremitted oil revenue following allegations raised by the then Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi.

 

Makarfi said the terms of reference given by the Senate to the committee, only mandated the committee to determine if the said amount was actually missing and unremitted to the federation account.

 

However, after the committee’s investigation, he stated that “there was no evidence to show that the former minister was involved in the missing fund.”

 

According to Makarfi, “some people expected us to indict Diezani, she must have committed some other offenses but when you come to the issue of the revenue we were probing as regards that period, the NNPC never presented any document she tampered with or approved anything. Everything the NNPC did, they said they were the ones responsible and they are the one’s accounting.”

 

He then questioned that “on what basis will you go to an individual to indict that person. Nobody presented any memo, internal or whatever to show that for the pe

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