NNPC to Refund $1.48 billion, will Diezani Alison Madueke be Held Accountable?

The forensic audit conducted by the audit firm of PriceWaterHouseCoopers on behalf of the Federal Government on the operations of the Nigerian National Petroleum Corporation [NNPC] has indicted the management of the national oil company for various questionable transactions.

Part of the recommendations include that the Nigerian Petroleum Development Company, NPDC, the upstream subsidy of the NNPC should refund about $1.48billion to the Federation Account for various unreconciled transactions.

Now what? NPDC has been indicted, a document which was handled over to President Goodluck Jonathan on Monday, what will the president do? Will Diezani Alison Madueke be held accountable or more investigations will be carried out? Nigerians need to know.