InvertedHammer:
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People are just plain st.upid.

Audit report is what it is. They audited the book and found unremitted entitlement to the government.

What audits report do not investigate is the scam going on in lifting of crude.

Garbage in, garbage out. The guys in NNPC are not children.

If 500k barrels were sold and the book was cooked to show 300k barrels. The auditors can only work with the 300k reflected in the book.

The other stolen 200k do not even exist as far as auditing is concerned. Auditing cannot verify how much is actually pumped per day.

People get very creative in trying to beat invigilators in exams. Multiply that by millions to get the level of creativity by the top guns to steal billions that are up for grab.

NNPC can never be cleaned.

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nelsonoba:
www.thisdaylive.com/articles/nnpc-audit-report-apologise-to-jonathan-alison-madueke-group-urges-sanusi-others/201942/

Eluwilussit:
Anybody who knows a thing or two about The Law of Evidence, should know that the moment the figures changed from $49b to $10b, and back to $20b, that it is no longer tenable.

It is a shame that an institution such as our CBN, would publish uncertain figures and accuse the FG and NNPC, without first doing their due diligence. The change in figures, discredits that report. It is as simple as that.

I am not saying that they didn't steal our money, but the figures are very important. Besides, when did our politicians not steal money? Abi we think say Buhari, Tinubu and their co travellers will not steal from us?

Etruth:
So because corrupt practices has been going on for long, should it be encouraged?

9jvirgin:
Groups Which group?

Awon eleribu

9jvirgin:
Groups Which group?

Awon eleribu

omenka:
Shame of a country laid bare for the whole world to see!!

Where was this group when tens of youths perished in a botched immigration recruitment exercise after their monies had been collected?? Who is gonna apologise to their families??

Who's gonna apologise to Nigerians for the darkness they enjoy after tens of billions of dollars have been "expended" for the purposes of provision of electricity with nothing close to a commensurate improvement in the system??

Who would apologise to Nigerians for the thousands of innocent lives that have been lost in the north due to insurgency??

Who's gonna apologise to our khaki boys for their ill-equipment to prosecute the war against terrorism??

Who would apologise to Nigeria for the generally deplorable state of the nation's economy??

Sometimes I wonder what the international community make of the citizens of this country when they read stuffs like this?? It seems the thought process of Nigerians is totally alien to humanity.

I weep for my motherland.

Fadelex:
apology my foot, that doctored reports..... we all know what is missing is beyond what is reported. only time shall tell

nelsonoba:
www.thisdaylive.com/articles/nnpc-audit-report-apologise-to-jonathan-alison-madueke-group-urges-sanusi-others/201942/

nelsonoba:
www.thisdaylive.com/articles/nnpc-audit-report-apologise-to-jonathan-alison-madueke-group-urges-sanusi-others/201942/

Eluwilussit:


Why didn't anyone speak up when Obasanjo was there? Did Obasanjo perform more than Jona? I don't endorse corruption but the rate at which we are accusing Jona, one would think he invented it or that the people before him were Angels.

We will get there gradually. In the western world, people don't steal much because they don't have access to public fund. There are too many loopholes in our system. It is too easy to get one's hand on public fund. The presidency cannot get his hands on our treasury without the cooperation of a lot of people. We are all involved.

donnypool:


as if you fit understand the report

Ejjis:
They should apologize before it's too late........

Laid2001:
The Report summary stated:
The balance of the generated revenue is accounted for as follows:
a)Revenue reported by NPDC of US$5.11billion reported by the MD, Mr. Briggs during the Senate hearings will be accounted for through the financial statements of NPDC, and any dividend declared will flow into the Federation account.
b) PMS and DPK Subsidy of US$8.7billion
c) NNPC’s initial costs verified and accepted by the senate of US$2.65billion
d) Additional NNPC costs following the forensic audit US$2.81billion
e) Added to the Revenue is the unremitted NPDC signature bonus due for divested assets and taxes/royalties totaling US$2.22billion.
e) Hence the net amount attributable to the federation account following the above summary is US$1.48billion

where did NPDC and NNPC got the legal authority to appropriate money before releasing to the federation account. What they have done is self appropriation, which is illegal in itself.

All Money were supposed to be remited to the federation account before appropriation in line with whatever has been approved in the budget for NNPC and NPDC.

This act of taking the money without appropriation is illegal and against constitution of the federal republic!

Sanusi was right, Both NNPC and petroleum ministry was helping themselves with self appropriation before remitting whatever is left to the CBN. Hence, there was shortfall in howmuch that was supposed to be remited to the CBN up to the tune of N18 billion

Apina:

Oya oga show us ur proof since u know dat there is more to it. SMH cnt believe ppl still reason dis way in d 21st century , throwing allegations into d air when there's no substantive backup for any.

Etruth:
YOU.....not me. And get ready to go to jail. Bye.

Eluwilussit:
Anybody who knows a thing or two about The Law of Evidence, should know that the moment the figures changed from $49b to $10b, and back to $20b, that it is no longer tenable.

It is a shame that an institution such as our CBN, would publish uncertain figures and accuse the FG and NNPC, without first doing their due diligence. The change in figures, discredits that report. It is as simple as that.

I am not saying that they didn't steal our money, but the figures are very important. Besides, when did our politicians not steal money? Abi we think say Buhari, Tinubu and their co travellers will not steal from us?

ROSSIKE:
lol...Tinubu cannot wait to lay hands on that treasury. They even have Atiku in their ranks. Laughable.

Eluwilussit:


By the time Tinubu and Atiku are done with our treasury, Abacha will look like a learner. God help us.

Rhemmymatician:
Guys, they did an audit. not internal audit o (because then u pple woulda said they r covering things up) they contracted world renowned and respected PWC, and yet you people still say it's wrong, but if PWC had come out to say the money was even more you people would believe them abi?
Enough of the witchhunting. How do you expect 20billion dollars to go missing. Think. Please!