According to the Office of the Auditor-General for the Federation, Nigerian National Petroleum Company Limited (NNPC), has failed to account for about 107,239,436 barrels of crude oil lifted for domestic consumption in 2019.
In its 2019 audit report presently being considered by the committees on public accounts at the senate and house of representatives, the office alleged that about 22,929.84 litres of premium motor spirit, also known as petrol, valued at NGN7.06bn and pumped to the two depots between June and July 2019 were not received by the depots.
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Discrepancies were noted between NNPC’s report of transfers to the federation’s account and the report by the office of the accountant-general of the federation.
Consequently, the auditor-general said the Group Managing Director of the NNPC should be asked to explain the discrepancy between the two figures and remit the balance of NGN 663,896,567,227.58 to the Federations Account or face sanction.