FEATURED
107 Million Barrels Of Crude Oil Missing – Audit Report
The audit report of the Auditor General for the Federation has revealed that the defunct Nigeria National Petroleum Company (NNPC) failed to account for about 107,239,436.00 barrels of crude oil lifted for domestic consumption in 2019.
The disclosure formed part of six audit queries from the Auditor General for the Federation as contained in the Federal Government of Nigeria consolidated financial statements for the year ended December 31, 2019, submitted to the Clerk of the National Assembly via a letter dated August 18th, 2021, and signed by the Auditor General, Adolphus Aghughu.
The report stated that records from performance report of two depots revealed that about 22,929.84 litres of premium motor spirit (PMS) valued at N7.06 billion pumped to the two depots (Ibadan-Ilorin and Aba-Enugu) between June and July 2019 were not received by the depots.
The report identified discrepancies between the amount reported by the NNPC as transfer to the federations account and what was reported by the Accountant General of the Federation.
It also stated that while the NNPC’s records showed that N1,272,606,864,000.00 was transferred by then corporation, the amount recorded by the Accountant General of the federation was N608,710,292,773.44, showing a discrepancy of N663,896,567,227.58.
The AuGF therefore stated the Group Managing Director of the NNPC should be asked to explain the discrepancy between the two figures and remit the balance of N663,896,567,227.58 to the Federations Account for face sanction.T
(Report, excluding headline: Thisday)
Commonwealth Game: Oborevwori Congratulates Team Delta as Favour Ashe Emerges Nigeria’s Fastest Man
IGP Orders Massive Security Reinforcement in Plateau After Bokkos Massacre
DSS Orders Probe Into Alleged Manhandling of Sowore at Court, Defends Due Process in Cybercrime Trial
DEGREES ARE NOT ENOUGH: WHY EVERY STUDENT SHOULD LEARN A DIGITAL SKILL, BY NURHIE GREAT
“I Don’t See the Level of Hunger Nigerians Are Complaining About” — Onanuga Defends Tinubu’s Reforms
Elon Musk Loses $350bn After SpaceX AI Bond Plan Sparks Market Panic
THE SIEGE ON OGBEOZOMA: How a Delta Community’s Land Wealth Became a Curse of Bullets and Bulldozers
Ijaw Opinion Leader Eselemo Counters Denial of Ijaw Existence in Warri South
Oborevwori’s CPS Recounts Delta’s Successes, Dismisses Negative Article as Conjecture
Media Expert Obari Reviews ‘White Guava and War,’ Urges Renewed Investment in Nigeria’s Publishing Sector
We Lost a Great Statesman – Okowa Pays Glowing Tribute to ex-Delta Commissioner Late Otumara, Visit Family in Warri
IGP Bans Unauthorised Social Media Activities by Police Personnel
Oborevwori Launches Affordable Homes Plan for Delta Workers
DSS Closes Case Against El-Rufai as Court Rejects Bid to Ease Bail Conditions
