SENATORS, on Thursday, ratified the report of its committee on Finance, which probed allegations of missing $49.8 billion oil revenue made by former governor of the Central Bank of Nigeria (CBN), Mallam Lamido Sanusi.
Lawmakers at the sitting ratified the report, which indicated that the allegation by the former CBN governor was unfounded, indicating that the said money was not missing from government’s coffers.
They also unanimously rejected the proposal that the Federal Government should remove petroleum subsidy, due to the alleged widespread misapplication of the funds.
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