Financial Times FT.com

'Millions missing' in Nigeria's oil accounts

By Daniel Balint-Kurti in Lagos

Published: April 15 2006 03:00 | Last updated: April 15 2006 03:00

An unprecedented audit of Nigeria's oil industry shows a $324m (€268m, £185m) gap over six years between what oil companies say they paid the government and receipts acknowledged by the country's central bank.

The government-commissioned audit covers the period from 1999, when civilian government was restored, to 2004. A further update is planned.

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