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)
Delta Police Arrest Popular Content Creator, “Odogwu of Asaba” Over Alleged Rape of 20-year-old Girl
BREAKING: NCAA Suspends Pilots, Grounds Aircraft Over Unauthorized Delta Road Landing
Atiku Demands Independent Probe of N6.44bn World Cup Budget, PFIPC Controversy
Nigerian Catholic Priest Dies by Suicide in US After Fearing Return Home
Why Senate Rejects Makinde’s UN Probe Call Over Ogbomoso Rescue
Tinubu Sends State Police Constitutional Amendment Bill to Reps
2 Years of Purposeful Leadership at Isoko South Under Hon. (Comr.) Warri Ovoke Friday
Two Years of Purposeful Leadership: How the Godwin Agenda Is Transforming Isoko North
BREAKING: Police Arrest ‘Phantom’ PFIPC DG Adeyemi
BREAKING: Abuja Court Orders Arrest of Alleged Fake Presidential Council DG Adeniyi Adeyemi
I Borrowed ₦400m to Secure Appointment, Creditors Reported Me to EFCC — PFIPC DG Claims
Troops Foil Highway Kidnap, Rescue Seven Travellers in Plateau After Gun Battle
Badenoch Urges Labour to Keep 10-Year Settlement Rule for UK Work Visa Holders
Isoko North Boss Moves to Tackle Flooding in Alah Square in Ozoro
