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)
How Executive-Legislature Harmony Led to Triumphs in Delta — Oborevwori Opens Up on 3rd Anniversary
Sen. Nwoko Celebrates 3rd Anniversary with 33 Bills, 22 Motions Sponsored, Highlights Achievements for Delta North
Massacre: Bandits Kill 20 in Fresh Attack on Kebbi Community
Zamfara: How Police Reclaimed Fegin Kanawa from Bandits as Displaced Residents Return Home
Confusion Trails Abuja Protest as VDM Leaves Venue, Supporters Allege Army Interference
NSA Brokers Peace Deal as Ijaw, Itsekiri Leaders Agree on Power-Sharing Formula in Warri
Oborevwori Mourns as Former Delta Health Commissioner, Dr. Joseph Otumara Dies
Nigeria Won’t Abandon You, Bianca Ojukwu Tells Inmates as Ethiopia Prisoner Transfer Deal Takes Effect
“Only God Can End Insecurity” Remark Sparks Outrage as Defence Minister Faces Backlash
Pro-Tinubu Group Protests in Abuja, Accuses Makinde of Politicising Oriire Schoolchildren Kidnap Case
BREAKING: Abducted Retired Maj-Gen. Rabe Abubakar, Dies in Terrorist Custody
Ogun State Targets 95% Votes for Tinubu in 2027, Cites Economic Reforms
Xenophobia in South Africa: Tinubu Puts MTN, DSTV Licenses on the Chopping Block as Evacuation Begins
”We Are Lacking Boots on the Ground” – Gov. Uba Sani Says Nigeria Needs State Police to Address Insecurity
