President dissolves NNPC board

Monjola Sotubo 16:24 - 26 June 2015

Nigeria's President Muhammadu Buhari speaks during a news conference after the Summit of Heads of State and Government of The Lake Chad Basin Commission (LCBC) in Abuja, Nigeria, June 11, 2015. REUTERS/Afolabi Sotunde

Buhari ordered the dissolution today, June 26, 2015, via a letter signed by the Head of Civil Service of the Federation, Danladi Kifasi.

President Muhammadu Buhari has dissolved the board of the Nigerian National Petroleum Corporation (NNPC).

Buhari ordered the dissolution today, June 26, 2015, via a letter signed by the Head of Civil Service of the Federation, Danladi Kifasi.

In the letter, Buhari thanked members of the dissolved board for their services to the nation.

The NNPC has been the centre of controversy in recent times and in 2014 was accused of not remitting $20 billion in oil money to the Federation Account.

Buhari had earlier said that he would probe the allegations of the missing money which were made by then Central Bank Governor, Sanusi Lamido Sanusi.