I hope this is NOT true

http://www.tribune.com.ng/04052008/news/news1.html

I know we are corrupt but shouldnt be to this extent.

If this is true, let EFCC suspend all cases in handnow and arrest all past President

Whats ya take on this?

I read something like that there are ''conflicting records'' about the volume of oil sales from the sixties. It's safe to conclude that conflicting records = no records.

But this should not suprise you. It's the way of our past ''leaders''.

it's not uncommon for financial records to be shredded by corrupt entities. it happened in enron so why are we shocked if the NNPC did it too. how can u arrest all past presidents if there is literally no evidence.

Even if there are tangible evidences on the sales record that should call for the arrest of ex presidents; Yaradua does not have the liver to do that.
He has made it clear through his presidential aide that he wont probe OBJ, not to talk of arresting the grand masters.

What a joke,even a small household can hardly do without records of weekly,monthly and annual activities,take ins and expenditures.

The country is just full of bullshit when the main source revenue can be toyed with that way,the whole thing is like dull children's play,accountability is zero and nobody cares,ordinary people just mope as if they are the ones at fault.

Why don't we boycott the service stations in Nigeria instead of trying to boycott British Airways?

Why am I not surprised?

Suffering and smiling Nigerians who can only fight for "rights" they do not have in Nigeria on foreign soil.

When OBJ was Minister of and Minister for Petroleum for donkey years, how do we expect records?

It's a shame!

Unless the underlying problems surrounding crude oil in Nigeria are resolved, there is no way this nonsense will stop.

Akolawole:

If this is true, let EFCC suspend all cases in handnow and arrest all past President

That would be arresting all members of the Federal Executive Council.

No be Buhari start am...

[size=28pt]Buhari's Legacy As Minister Of Petroleum.[/size]

Despite its relative autonomy in those early years, NNPC was hopelessly inept. [size=18pt]In the wake of allegations of massive fraud, including an improper withdrawal of more than $4b from the corporation’s accounts in the late 1970s, the newly elected President Shehu Shagari (1979-83) in March 1980 instituted a tribunal to probe allegations.[/size]

NNPC’s oversight and regulatory role over the industry was virtually non-existent, due to a combination of low capacity, sheer inaction, and simply a proclivity of the corporation to break the law.

[size=18pt]Agreements with IOCs lay around for years without ratification, and the IOCs often acted as if the corporation never existed. NNPC’s accounting system was an unmitigated shambles; the corporation had never prepared and submitted audited accounts. [/size]

The industry under NNPC up to 1980 was so dismal that the tribunal— even with its full judicial powers to subpoena witnesses and information —could not reconcile crude oil production and sales figures from the various arms of government. The panel recommended the pruning of the power of NNPC and the streamlining of its operation for increased efficiency.

[size=28pt]The limitation of the panel is underlined by the tribunal’s failure to summon Generals Obasanjo and Muhammadu Buhari, who as national ruler, and oil minister NNPC chairman respectively “supervised the NNPC and controlled oil sales during the period in question.[/size]
http://bakerinstitute.org/media/files/page/9b067dc6/noc_nnpc_ugo.pdf
https://www.nairaland.com/2048585/buharis-legacy-minister-petroleum

Later some fools will say this idiot is clean

.. There was a country.

I blame GEJ for this lack of record for 40 years sale of oil, he did nothing all through the 40 years.

hmmm