“Among the areas of concern is the NNPC's Joint Venture operations. There are several billions of dollars that are unaccounted for. Some JV partners should come prior to the committee and give information that the NNPC cannot contradict.
These are the language of the Chairman, House Committee on Public Affairs, Mr. Adeola Olamilekan, stated that the problem of accounting for crude oil sales by the NNPC have been on going back seven years with no solution.“Now, whenever you confront NNPC with this information, they don't address the difficulties at stake. Reports from the Auditor-General's Office have many cases contrary to the NNPC. When this investigation is being conducted, I urge the ad-hoc committee to liaise with the Public Accounts Committee. We've information we are able to give the committee to help the investigation.”
The investigation, that'll last a month, is usually to be conducted by an ad-hoc committee of the House.
The resolution of the House followed a motion moved by Haruna Manu, who raised alarm that about $13.9bn crude oil revenue could not be accounted for by the NNPC.
Manu, who quoted from statistics
generated by the NNPC, told the House that the worthiness for crude oil
sales from January to August stood at $20.9bn. He, however, said only
$7bn was remitted to the Federation Account by the corporation.
Manu added:
Manu added:
“this suggests that $13.9bn isn't accounted for and it raises questions about how it was spent.”
He claimed that from September to date, the corporation had not given any account of crude oil sales.
He claimed that from September to date, the corporation had not given any account of crude oil sales.
Through the years, NNPC is emerging as the simplest corporate to steal Nigeria's money on a big scale.
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