The defunct Nigeria National Petroleum Corporation (NNPC) now NNPC Limited failed to account for about 107,239,436 barrels of crude oil lifted for domestic consumption in 2019, the report of the Auditor-General for the Federation has indicated.


It also stated that records from performance report of two depots indicated that about 22,929.84 litres of PMS worth N7.06 billion pumped to the two depots (Ibadan-Ilorin and Aba-Enugu) between June and July 2019 were not received by them.


The revelation forms part of six audit queries from the Auditor-General for the Federation contained in the Federal Government’s Consolidated Financial Statements for the year ended December 31, 2019 submitted to the Clerk to the National Assembly via a letter dated August 18, last year and signed by the Auditor-General, Adolphus Aghughu.

The report identified discrepancies between the amount reported by the NNPC as transfer to the Federation Account and what was reported by the Accountant-General of the Federation.


Source: Tony Akowe