President Goodluck Jonathan has finally confirmed that a large portion of Nigeria’s oil revenue was not paid into the Federation Account as expected. Speaking yesterday in Amsterdam, the Netherlands, the Nigerian leader “admitted he was aware of some financial impropriety in the accounting system of the Nigerian National Petroleum Corporation (NNPC). He assured, however, that the federal government was doing its best to address the situation,” reports LEADERSHIP newspaper.

According to the report, “The president confirmed that $10bn was yet to be remitted by the nation’s oil corporation as claimed by the Ministry of Finance against the $20 billion suspended Central Bank of Nigeria (CBN) governor Sanusi Lamido Sanusi alleged was missing.

“Speaking during an interactive session between him and the Nigerian community in Amsterdam, Jonathan said it was for this reason that he ordered a forensic audit of the corporation.

“According to him, there was no way $49.8bn as alleged by Sanusi would have just missed from the country’s financial system within the period the embattled CBN governor was alleging.

“To buttress his point, Jonathan observed that the same Sanusi later stood his own claim on the head when he claimed the amount was no longer $49.8bn but $12 billion before alleging that it was $20bn, adding that this amount went viral in the internet.”

•Photo shows President Jonathan.