After winning office in March, he has vowed to root out corruption in the notoriously murky sector.Related: How cheap oil with hurt Iran’s comebackBuhari has ordered a review of all contracts and barred vessels from loading crude after finding that 250,000 barrels of oil per day or 13% of the country’s production is going missing. The losses were revealed by an audit conducted by PwC in April.While still at the central bank, Sanusi created a political storm after stating publicly that as much as $20 billion of oil revenues went missing during the administration of former President Goodluck Jonathan.He thinks it will take as long as 18 months for Buhari to complete an internal review and overhaul of the oil ministry, and the NNPC.CNNMoney (Dubai) First published October 12, 2015: 11:48 AM ETContact UsClosed CaptioningSite MapMost stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes.
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