{"id":92835,"date":"2022-03-15T15:50:12","date_gmt":"2022-03-15T14:50:12","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=92835"},"modified":"2022-03-15T15:50:12","modified_gmt":"2022-03-15T14:50:12","slug":"2019-audit-query-auditor-general-revealed-107-million-barrels-of-crude-oil-missing","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/2019-audit-query-auditor-general-revealed-107-million-barrels-of-crude-oil-missing\/","title":{"rendered":"2019 Audit Query: Auditor General Revealed 107 Million Barrels of Crude Oil Missing"},"content":{"rendered":"<div dir=\"auto\" style=\"text-align: justify;\">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.<\/div>\n<div dir=\"auto\" style=\"text-align: justify;\"><\/div>\n<div dir=\"auto\">\n<p style=\"text-align: justify;\">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.<\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<p style=\"text-align: justify;\">It also stated that while the NNPC\u2019s 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.<\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<p dir=\"auto\" style=\"text-align: justify;\">\u2014-Thisday<\/p>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>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&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":92836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-92835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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