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20 Billion Dollars Missing From Nigeria’s State Owned Oil Company

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AFRICANGLOBE - Nigeria’s soaring economy has met its match: old-style politics. On Feb. 20, president Goodluck Jonathan suspended central bank governor Lamido Sanusi amid the latter’s claims that $20 billion in revenue was missing from the state oil corporation. The move sparked widening bond spreads and tumbling currency valuation in Africa’s most populous nation.
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