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)
DSS Suspects Sentenced to Death in Kogi, Kaduna, and Katsina Over Kidnapping Cases
First EFCC Witness Testifies in Trial of Edidiong James’ Alleged $41,000 Romance Scam in Uyo
“Prophet Koboko” in EFCC Net for Allegedly Defrauding Church Members of N70.3m in Enugu
Borno Police Impound 78 Vehicles With Unregistered Number Plates, Charges Offenders to Court
Hakeem Baba-Ahmed Laments Security Failure, Narrates How He Spent ₦175m to Save Abducted Nephew, Others After Official Rescue Efforts Failed
Lagos Arrests 226 Street Beggars in Renewed Crackdown on Public Nuisance
Pandemonium as Fire Guts Polaris Bank Tower on Lagos Island, Forcing Emergency Evacuation
Counterfeit Cosmetics, Food, Drinks Top Nigeria’s Fake Seized Products – NAFDAC
Over 16,000 Doctors Leave Nigeria in Five Years, Leaving Only 55,000 Practicing Nationwide
Trump: U.S. Was Four Weeks Away From Exhausting Oil Reserves Before Iran Deal
I’m Fully Vindicated of 11-Year-Old Case That Tormented Me and My Family – Diezani Celebrates UK Court Acquittal
‘Security Agents Are Not Magicians’: Gov Oborevwori Explains Why Communities Must Expose Terrorists
Cultists Allegedly Hack Man to Death in His Residence in Warri
32 Suspected Cultists Arrested in Delta as Police Recover Four Firearms, Live Cartridges, Illicit Drugs
