The Nigerian senate has commenced a probe into $6.9bn unremitted funds by the Nigerian National Petroleum Corporation (NNPC) and the Nigerian Petroleum Development Company (NPDC).


Senate says Buhari, Kachikwu and Emefiele will be probed over NNPC's missing $6.9bn
The senate ruled that it was improper for funds not to be remitted by individuals and agencies at a time when Nigeria needed the funds the most.

The senate committee on oil and gas has been charged with investigating how the Petroleum ministry under President Muhammadu Buhari and Ibe Kachikwu could have let such happen. Also to be probed are NNPC GMD Karu and CBN governor Godwin Emefiele.


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The motion was moved by Senator Dino Melaye of Kogi and was seconded by Senate majority leader Ali Ndume who noted that Melaye was on the right track.

Senator Melaye had in a point of order raised the motion on the misappropriation of funds by the NNPC and NDPC alleging that $3.48b and $3.442 were not remitted into the government’s coffers from both corporations.

"As youthful as Sen. Melaye is, he will not let out those figures if he has not done his necessary research," Senator Ndume said in support of the motion.

Ndume thanked Melaye for the Motion and urged President Buhari to take this motion with all seriousness.


"Nigeria is at the verge of borrowing, these funds should be refunded to the consolidated revenue account to tackle recession," Sen. J. Barau said.

"These are non-remitted billions of dollars at a time when we are seeking loans from IMF, World Bank, and the Bond Market," Senator Solomon Adeola submitted.

"Nigeria is faced with a lot of crisis, 70% Revenue generated from the oil sector is being withheld by an Agency of Government," Sen. Binta Garba said and urged the Senate to probe the allegations.

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In his submission, senate president Bukola Saraki said such economic sabotage must be dealt with while also wondering what the minister of petroleum and others were doing while such a terrible was being carried out.


"The question is: where was the Minister of Petroleum, CBN Governor and GMD of NNPC when all these acts were carried out?

"We must put an end to these acts of sabotaging the efforts of the Anti-Corruption Agency," Saraki said.

The committee on oil and gas has now been charged to thoroughly investigate the matter and return back to the House with its report on January 9, 2017.

Recall that it emerged just recently that around $12.9billion was said to have gone missing from the coffers of the NNPC between 2005 and 2013.

The Economic and Financial Crimes Commission and other agencies are trying to trace the cash.
https://www.naij.com/1077419-senate-begins-probe-nnpcs-missing-69bn.html

Buhaaaahahaaaari

They are all politicians !

Lalasticlala, this one strong o

That is the govt fighting corruption. It is now very clear the anti corruption is just a wash!

Sai Cassandra

the headline seems misleading & designed to paint this misguided regime.
I think the funds went missing between 2005 - 2013.
so headline should read, 'Senate to probe OBJ, GEJ over missing NNPC funds'... ..

We the Yoruba Muslims know dat Buhari is a saint...... This news was manufactured by ipobians to spite us
Sai baba
Sai baba
We are fighting kwaraption

ivandragon:
the headline seems misleading & designed to paint this misguided regime.

I think the funds went missing between 2005 - 2013.

so headline should read, 'Senate to probe OBJ, GEJ over missing NNPC funds'...
..

Really?
Guess you didn't see where it was written that the Senate is probing $6.9 billion missing under Buhari.
Guess you didn't see where it was written that the senate is wondering why Buhari should let that happen.
One answer to that is that Buhari is a big time crook hiding under the guise of honesty to perpetrate evil.

ivandragon:
the headline seems misleading & designed to paint this misguided regime.

I think the funds went missing between 2005 - 2013.

so headline should read, 'Senate to probe OBJ, GEJ over missing NNPC funds'...
..

Exactly
We need to lock up dat niger delta thief
Sai baba the saint
Sai babachir lawal
Sai Maman daura
We Yoruba Muslims can't be gullible

kutchs:

Really?
Guess you didn't see where it was written that the Senate is probing $6.9 billion missing under Buhari.
Guess you didn't see where it was written that the senate is wondering why Buhari should let that happen.
One answer to that is that Buhari is a big time crook hiding under the guise of honesty to perpetrate evil.

Bro u are not seeing well
It's a typo error
Buhari does not like money just like amaechi

ivandragon:
the headline seems misleading & designed to paint this misguided regime.

I think the funds went missing between 2005 - 2013.

so headline should read, 'Senate to probe OBJ, GEJ over missing NNPC funds'...
..

Chai Zombies are something always looking to confuse people else I guess u did not see the "Recall"(meaning it's a different matter and an old one different from this fresh one) that it emerged just recently that around $12.9billion was said to have gone missing from the coffers of the NNPC between 2005 and 2013."
mynd44!!!

By the time General Cassandra is done with Nigeria, the only thing left will be change (maybe in kobo).

This man and his family are feeding fat on the induced and self-inflicted recession bedevilling our economy.

Those planning their wedding are finding it difficult to cope while Buhari's daughter will be having a lavish wedding ceremony.

May God disgrace those who are planning to perpetually keep us under siege.

AMEN!

Please you people should forget the Senate with probe, it's because they have not been giving their share and soon the authorities concern will go settle them and that will be the end of SOLOMON GANDY. Mark . Senate house of corruption

Thief of a president.

NaijaEfcc:

Chai Zombies are something always looking to confuse people else I guess u did not see the "Recall"(meaning it's a different matter and an old one different from this fresh one) that it emerged just recently that around $12.9billion was said to have gone missing from the coffers of the NNPC between 2005 and 2013."
mynd44!!!

http://www.vanguardngr.com/2016/12/senate-probe-non-remittance-3-48bn-nnpc-npdc-2013-date/

do not be quick to reach assumptions on opposing views. its always best to get information from multiple sources in order to have a clearer understanding of issues...

check out the link I pasted... & you would see that I wasn't totally wrong... the news would be better if the report had clearly stated the exact amount (or an approximate figure) that went missing under PMB...

hmnnn this should be interesting...

ivandragon:


http://www.vanguardngr.com/2016/12/senate-probe-non-remittance-3-48bn-nnpc-npdc-2013-date/

do not be quick to reach assumptions on opposing views. its always best to get information from multiple sources in order to have a clearer understanding of issues...

check out the link I pasted... & you would see that I wasn't totally wrong... the news would be better if the report had clearly stated the exact amount (or an approximate figure) that went missing under PMB...

You are explaining things to myopic minds

Fighting Corruption Indeed