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)
Bode George Blames Lagos Flooding on ‘Greedy’ Sand-Filling of Lagoon
Mary Habila’s Death: Southern Kaduna Youth Group Petitions Senate, Demands Independent Probe
Falana Threatens Lawsuit Against FG Over Luxury Homes for Judges, Alleges Discrimination
Idoma Diaspora Urges Tinubu to Act on Benue Killings, Says ‘Our Patience Is Not Weakness’
No Evidence of Missing N210tn in NNPC Accounts, Ex-NAPIMS Boss Tells Senate
2nd Year in Office: Isoko North Boss Ogorugba Attributes Success to God’s Grace, Mercy
BREAKING: Kogi Kidnapped NECO Candidates, Principal Rescued
Oborevwori Hails Media Icon Nduka Obaigbena’s Enduring Legacy at 67
JUST IN: Mother of ADC Presidential Candidate Rotimi Amaechi, is Dead
Mary Habila’s Family Rejects Autopsy, Seeks Immediate Release of Body as Police Continue Probe
PFIPC: Gbajabiamila Sues Adeyemi for N15bn Over Alleged 48% Kickback Claims
VIO Officer Killed After Being Crushed by Truck During Enforcement Operation in Delta
Akpabio Threatens Legal Action Over Faulty National Assembly Microphones
APC’s Aliyu Says Tinubu Regime Has Eased Fears Over Muslim-Muslim Ticket Ahead of 2027
