NNPC Failed To Account For N102bn Oil Delivery To Refineries – Senate
NNPC Failed To Account For N102bn Oil Delivery To Refineries – Senate
The Nigerian National Petroleum Corporation (NNPC) has failed to account for oil delivery to Warri and Kaduna refineries amounting to N102bn, according to a Senate report.
The Senate yesterday considered and adopted the report of its Committee on Public Accounts. which probed the spending of government agencies using the 2016 audit report.
“From the review and examination of domestic crude oil lifting sales profile presented for audit verification. It was noted that several deliveries were stated to be jointly lifted by or delivered to WRPC, Kaduna Refinery, and Petrochemical Company without necessary details or breakdown of what was delivered to respective companies.” The report, presented by Senator Matthew Urhoghide, reads.
“The failure to properly separate these deliveries and charge directly to each company makes it difficult to reconcile and account for each lifting,” the report added.
It said from the examination carried out, a total oil sales value of $376, 655,589 (N102.6bn) was stated to have been lifted jointly by these two companies.
The Senate resolved to submit the report on the indicted agencies to the Office of the Secretary to the Government of Federation for further action.
Discover more from Naijapopstar
Subscribe to get the latest posts sent to your email.