The Presidency Thursday faulted the Mallam Nuhu Ribadu-led Petroleum Revenue Special Task Force report, stating that the reportwas against the terms of reference issued to the committee, when it wasinaugurated in the wake of the January 1, 2012 increase in the priceof petroleum products.

This was disclosed by the Senior Special Assistant to the President onPublic Affairs, Dr. Doyin Okupe, while briefing journalists, over the controversy that trailed the committee’s report that was submitted last week.

He pointed out the fourth paragraph signed by Ribadu and the secretary, Olasupo Shasore (SAN), which said the content of the report was not verified, as against the terms of reference of the committee that mandated it to consult with stakeholders and verify all claims.

According to him, one of the major terms of reference of the committeewas “to work with consultants and experts to determine and verify all petroleum upstream and downstream revenues (taxes, royalties, among others) due and payable to the Federal Government” but this aspect of the committee assignment was left undone.

He said: “Unfortunately and most regrettably, this paramount duty of the PRSTF committee could not be accomplished as stated in paragraph four of the covering signed by chairman Ribadu and Secretary of the committee.

Paragraph four of the covering letter read: “The data used in this report was presented by various stakeholders who made submissions to the Task Force of our assignment at various dates, which have been disclosed in relevant sections of the report. Due to the time frame of the assignment, some of the data used could not be independently verified and the task force recommends that the government should conduct such necessary verifications and reconciliations.”

Okupe, who gave an instance with the Nigeria Liquefied Natural Gas (NLNG) that was indicted by the Ribadu committee, but still claimed they were not consulted, said: “It was not fair to run down an organisation like NLNG down with itsover $100 billion valued assets.”

The presidential aide, who defended the intention of President Goodluck Jonathan, said the Ribadu committeewas inaugurated to do a holistic investigation into the intransigent challenges of the oil and gas industry in the past 10 years but unfortunately the committee has passed the job of verifications and reconciliation back to the Federal Government.

He said the implication of paragraph four of the covering letter of the Ribadu committee was that the committee had issued a disclaimer toits own report which will now make it“impossible under our laws to indict or punish anybody except and until the federal government fully verifies and reconciles the facts as recommended by the committee in its submission to the government.”

Okupe, however, assured Nigerians that all the work to be done to rectify the incompleteness of the document would be done, with a White Paper issued, while the recommendations would be fully implemented.

He further condemned the leakage of the report to Reuters and other international news media, stressing that the Federal Government would only work with the report that was officially submitted to it by the task force.

http://www.thisdaylive.com/articles/okupe-ribadu-report-didn-t-follow-terms-of-reference/130115

yeah yeah....those despoilers,defacers,degraders wld always ve a reason to debunk dat report.saw it coming

Okupe is right

The FG should not do any reconcile any figure for the comittee.ribadu and his comittee members should come and finish the job.if the FG reconcile the figures the opposition would start screaming foul ribadu and his comittee should come and finish the job they are entrusted to do.

I knew it!! I will be surprised if there was no conflict of interest among d committee members.

Soriee Ribadu, this is anoda credit to ur CV.

hurricaneChris: I knew it!! I will be surprised if there was no conflict of interest among d committee members.

Soriee Ribadu, this is anoda credit to ur CV.

How is that a credit to Ribadu's CV?
There's no how you can carry out an investigation of such magnitude without the involvement of professional Auditors and Consultants. In every audit, the keyword is "Investigation", "Verification" and "Reconciliation" of accounts and then "Recommendation" From what we hear, Ribadu only did the investigations and recommendations, leaving out the verification and reconciliation of accounts.
Ribadu went there to score cheap "Political Goals". If not, why should he leak the report to the media even before submitting it to the one that engaged his services.
NIGERIANS AND PRIDE sef.

Super story

GEJ is the corruption that all Nigerians must fight.

The same old stuffs

At anytime government officials are indicated in a report they all come out to discredit the report. Simple question for Mr Okupe. Has Nigeria truly been losing money? Are there licences issued to individuals without due diligence? Are there under the table deals in the Oil Ministry? Leave you all to your consciences.

If the FGN already knows what the outcome of the committee's work should be why not just write the report and give the committee to sign off from beginning, mschewwww

Turbocharged:
How is that a credit to Ribadu's CV?
There's no how you can carry out an investigation of such magnitude without the involvement of professional Auditors and Consultants. In every audit, the keyword is "Investigation", "Verification" and "Reconciliation" of accounts and then "Recommendation" From what we hear, Ribadu only did the investigations and recommendations, leaving out the verification and reconciliation of accounts.
Ribadu went there to score cheap "Political Goals". If not, why should he leak the report to the media even before submitting it to the one that engaged his services.
NIGERIANS AND PRIDE sef.

Chief,
Are you aware that there were consultants and auditors from PricewaterhouseCoopers Limited (PwC)involved in the work of the committee?
So I do not understand what you are saying. Have you read the report at all or are you one of the people who elRufai said don't read?
The report have been circulating for sometime now online and I will advise you to go and read it rather than listen to what you are told.

All rubbish! D poor is getting poorer by d day.

please whats the difference between ruben abatis post and okupes post and labaran makus post.... please i just want to know who is talking?

Its only a daft person that would not see that GEJ is totally corrupt himself along with his pdp people and some clowns here would sit down and sing thier praise to high heavens

It was obvious that the setting up of the
Presidential task force was to buy time for the
government after the fuel subsidy removal protest
and for grandstanding. This government's
subterfuge is alarming, a government of committee.
Initially, the minister sat on the report for over a
month without public knowledge and later claimed
the report was just a "Mere Draft" after it was
leaked. Then the drama that played out on its
submission day and now an emboldened Okupe has
come to discredit the report as incomplete.

I guess those who advised Ribadu not to pick up the appointment are now vindicated. This government stinks!

Indeed Fg and its agent have finally seen more reasns to condemn d ribadu led report.Its really unfortunate dat our Govt still drives kip ruling us with this notion dat Nigerians are confused so why dnt we confuse dem more. Just like d game of draft'

This government is so predictable.Gej and his entire crew are just too immature to pilot the affairs of this nation.SMH

[quote author=Prof Corruption]GEJ is the corruption that all Nigerians must fight.
True talk my brother....alongside his greedy party crooks

“The data used in this report was presented by various stakeholders who made submissions to the Task Force of our assignment at various dates, which have been disclosed in relevant sections of the report. [b]Due to the time frame of the assignment, some of the data used could not be independently [/b]verified and the task force recommends that the government should conduct such necessary verifications and reconciliations.”

So what happens to the report? Will it be thrown away, or will the committe be given more time to complete the verification......?

So the baba who resisted Ribadu shabbily rushed report was right . . . We always bungle up important task . .

Paragraph 4 of the covering letter submitted by Ribadu, stated that the data was NOT verifed and reconciled, and asked Government to verify them, is Ribadu going nuts? Why didn't he verify data before submitting report to President, but he was fast enough to leak a copy to reuters. Ribadu don fall my hand.

before GEJ tenure, nigeria had 7 or8 oil marketers, a year into his presidency, nigeria had 140 marketers.
three quaters were portfolio bizmen.
GEJ all the way 2015.

omoabike:
Chief,
Are you aware that there were consultants and auditors from PricewaterhouseCoopers Limited (PwC)involved in the work of the committee?
So I do not understand what you are saying. Have you read the report at all or are you one of the people who elRufai said don't read?
The report have been circulating for sometime now online and I will advise you to go and read it rather than listen to what you are told.

The committee itself acknowledged that figures were not independently verified against those submitted by the govt agencies. You can't indict someone without verified numbers. That's d FGs point.

The committee should come back and clarify their mess.. Ribadu had fought corruption well in the past, though at a biase and partisan level, but I suspected he had something up his sleeves the moment that incomplete report was leaked to the international press. The rebound effect this could have on his reputation if he actually tried to sabotage government through this assignment for a suspected cheap political point will be unprecedented.. Orosanye could be right afterall.

Wonders shall never end in my dear country. Mr Okupe, what you are saying is that..........the report is going in the ways of its fore-fathers?

May God bless Nigeria with good leaders and active followers!

I pray Gej succeeds in his single term tenure plan and ends up ruling Nigeria for the next 35yrs. Y'all deserve him. Country of cowards and hypocrites.

fergusen: Okupe is correct

how's the prickk correct? Did you read paragraph 4?

Paragraph four of the covering letter read: “The data used in this report was presented by various stakeholders who made submissions to the Task Force of our assignment at various dates, which have been disclosed in relevant sections of the report. Due to the time frame of the assignment, some of the data used could not be independently verified and the task force recommends that the government should conduct such necessary verifications and reconciliations.”

Elueme: The committee should come back and clarify their mess.. Ribadu had fought corruption well in the past, though at a biase and partisan level, but I suspected he had something up his sleeves the moment that incomplete report was leaked to the international press. The rebound effect this could have on his reputation if he actually tried to sabotage government through this assignment for a suspected cheap political point will be unprecedented.. Orosanye could be right afterall.

He is, cos recents event shows Ribadu actually did not follow the right procedures to tender a fool proof report . . .And yet the lousy opposition who love to ejacula!ate over nothing will scream murder

The term of reference is to exclude all the names of the cabals

The term of reference should exclude all PDP members

The term of preference should bring more money into Presidency private account.

It was written that Presidency is only interested in the loot which he doesnt benefit from and thus get his own share through the investigator.

Sorry Ribadu........You can`t just work with them.

Their hands and heart are just filled with shiiiiiiiiiiit

These people are just playing us like a pawn on the chess board: None of the probe report has seen the light of the day. One thing will surely bring it down to discredit, rubbish or do what ever with it, amd at the end of the day, it just goes down into history.

Never had trust in the exercise at the on-set anyway.

Iolo:

The committee itself acknowledged that figures were not independently verified against those submitted by the govt agencies. You can't indict someone without verified numbers. That's d FGs point.

So you with small head will tell those Professionals what is material in reaching a conclusion in their investigation? What procedures did Okupe and you carry out in determining that those figures have a material effect on the conclusion reached by the investigators.

All efforts wasted...more motion, no progress. Naija! Naija!!