Nigeria Rejects Claims of 'Missing' $12.4bn in World Bank External Accounts Report as Opposition Demands Disclosure of Oil-Backed Loans

Nigeria rejects claims of 'missing' $12.4bn in World Bank external accounts report as opposition demands disclosure of oil-backed loans

Credit: bne IntelliNewsNigeria's Finance Ministry says the $12.4bn net errors and omissions flagged by the World Bank for H1 2026 is a statistical residual, not missing or withheld oil revenue.

Finance ministry disputes claims of missing $12.4 billion in Nigeria’s external accounts

KEY POINTS MAIN STORY Nigeria’s Federal Ministry of Finance has rejected reports suggesting that $12.4 billion in the country’s external accounts is missing or represents withheld oil earnings, saying the figure reflects discrepancies in the recording of international transactions rather than an identifiable pool of lost funds. In a statement issued on Tuesday and signed […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.

‘It’s Not Missing Money’ — Finance Ministry Addresses Nigeria’s $12bn External Accounts Gap

The federal ministry of finance says Nigeria’s $12.4 billion negative balance of payments residual in the first half of 2026 does not mean money is missing or oil earnings have been withheld. In a statement issued on Tuesday and signed by Maryann Duke, the senior special assistant, communications and press secretary, the ministry said reports […]

$12.4 Billion Not Lost or Stolen - Finance Ministry

Nigeria’s finance ministry has denied on Tuesday that $12.4 billion is missing from the economy, saying the figure cited in recent media reports is… The post $12.4 Billion Not Lost or Stolen – Finance Ministry appeared first on Latest Breaking News - News Central TV.