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)
Controversial Rivers N300m Funding: Igbini Calls For Freezing Of NBA’s Accounts, Suspension Of AGC
Easter: Delta CP Warns Of Zero Tolerance To Crime, Deploys Operatives Massively
NMU: Ijaw Journalists Congratulate Bebenimibo Over Registrar Appointment
University Don Ifelunini To Speak On ‘Politics And Governance’ At Advocate Newspaper Annual Lecture Series
How Boy Who Stood Before Peter Obi’s Convoy Regained Freedom After Months In Kirikiri
Investing N2bn On Roads In Each LGA Is Deliberate – Gov Oborevwori Opens Up At Maris Lecture
Why Tinubu Cannot Resume Official Duties Now – Presidency
How Crusade For Creation Of Anioma State Became A National Movement
Twist As Prime Suspect In Super TV CEO’s Murder Makes U-turn Says ‘I Found His Lifeless Body In Lekki Apartment’
Group Lauds Peter Black, Urges Synergy With Ojulari’s NNPCL/Assets Spy Coys
How DUG’s Crossing To APC Reconfigured Politics And Political Leadership In Ika Federal Constituency
Delta Community Protest Oando’s Alleged Neglect, Block Flow Station
Omo-Agege Hails Prof. Samuel Ibodje As A Beacon Of Great Intellect
UPDATED: Chief Ayiri Calls On Tinubu To Order IGP To Arrest Delta Former Deputy Governor Kingsley Otuaro
