Nigeria's president Muhammadu Buhari has dissolved the board of Nigerian National Petroleum Corporation (NNPC), from which billions of dollars is missing, a move likely preceding an investigation.
The head of the civil service, Danladi Kifasi, announced the presidential directive on Friday regarding NNPC, the government agency that is in charge of nearly all aspects of the country's 200 million barrel per day oil industry, whic is the seventh largest in the world.
President Buhari took office May 29 with the promise to halt the corruption that keeps the majority of Nigeria's 170 million people in deep poverty. He said last that western governments have promised to help recover looted state funds.
Friday's move comes even before he has named a Cabinet and amid speculation that he plans to take charge himself of the petroleum portfolio.
The former governor of Central Bank of Nigeria Sanusi last year largely blamed the NNPC for missing federal revenues of about $20 billion, an amount the company disputes.
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