Nigerians have rejected the highlights of the
forensic audit report on the operations of the
Nigerian National Petroleum Corporation,
NNPC, released last Thursday by the federal
government.
The report presented by the Auditor General of
the Federation, AuGF, Samuel Ukura, showed
that total revenue generated from crude oil
lifting by NNPC on behalf of the Federal
Government was $69.34billion (about
N11.65trillion) as against $67 billion
(N11.26trillion) reported at the end of the
Senate probe.
Besides, the report also found out that a total
cash of $50.81billion (N8.53trillion) and not $
47billion (about N7.90trillion) remitted to the
Federation Account from the crude oil lifting
for the period under review.
According to the AuGF, based on the
information available to the auditing firm, the
conclusion from the audit was that NNPC and
its upstream industry subsidiary, Nigerian
Petroleum Development Company, NPDC,
would refund a minimum of $1.48billion
(N248.6billion).
Mr. Ukura said his presentation was made at
the instance of President Goodluck Jonathan,
who requested that only the highlights of the
findings should be presented to the public.
However, a cross-section of Nigerians,
including civil society groups, have faulted the
presentation of only the highlights of the
report, saying it amounted to a disservice to
democracy, transparency and openness,
Executive Director, Civil Society Legislative
Advocacy Centre, CISLAC, Auwal Rafsanjani,
that the president asked the AuGF to release
only the highlights and not the entire report is
suggestive that government has something to
hide.
“The whole process was stage-managed,” Mr.
Rafsanjani said. “Government hurriedly put the
report together. Remember there was so much
reluctance to even order the audit till
Nigerians pressurized them into it.
“After the audit, the report should have been
submitted since September last year, but, they
kept it until Nigerians began to demand for it.
So, Nigerians are not satisfied with the report.
It does not meet the minimum standard for
transparency and accountability.”
The Lead Director, Centre for Social Justice,
CENSOJ, Eze Onyekpere, said Nigerians
deserved to be given the details of the findings
to enable them make their objective decision
on what’s going on.
“There is no reason why the whole report
should not be in the public domain,” Mr.
Onyekpere said. “The report of the audit
should not be given in snippets. Most
Nigerians are all reasonable and matured
enough to read and draw their independent
conclusions.
Though he supported the idea of the Auditor
General, as the Chief auditor of the federation”
studying the report, Mr. Ukura said the report
should equally be available in the public
domain for their appraisal.
“There are many Nigerians not in government,
who are auditors, who can give government
their own independent recommendations.
“The report should published through the
website of the Federal Government, Federal
Ministries of Finance, Information or Office of
Accountant General and Auditor General, so
that as the Auditor General is studying the
report as a technocrat to make his own
recommendations, Nigerian would also study
to make their input,” he said.
For the Chief Executive Officer, Global
Analytics Consulting Limited, Tope Fasua, the
refusal of government to release the full
report is a reflection of the culture of disdain
for full disclosure in the country.
According to Mr. Fasua, if total government
revenue for 2013 budget was N10trillion, and
the Federal Inland Revenue Service, FIRS, alone
accounted for more than 50 per cent,
government, over time have has refused to
disclose the contributions of other revenue
agencies like Nigeria Customs Service, NCS; and
Nigerian Ports Authority, NPA,
“That lends credence to what former CBN
governor, Charles Soludo, said. It seems the
country is making a lot of money than
government is willing to let people know,” he
said.
“The government cannot be said to be running
the country when one cannot give out
information. The country cannot be run as a
fiefdom. The report was conducted with the
people’s commonwealth.”
Lagos lawyer, Femi Falana, said it was
improper to make only the highlights available
to Nigerians, adding that it was left for
Nigerians to rise up and take advantage of the
Freedom of Information, FOI, law and demand
for the release of entire report.
But, Mr. Fasua said Nigerians should not be
subjected to the idea of using the, FOI, law to
access the report, pointing out that it was
totally unacceptable to run the country like a
jungle.
The Nigerian Extractive Industries
Transparency Initiative, NEITI, the
transparency and accountability agency in
charge of oil and gas industry operations
auditing, was not involved in the process.
Asked whether the non-involvement of NEITI
would not affect the integrity of the report,
the Director of Communications, NEITI,
Ogbonnanya Orji, said other government
agencies could conduct independent
investigations on any institution.
The audit ordered by the Federal Government
April 2014 followed allegations by the former
Central Bank of Nigeria, CBN governor, Lamido
Sanusi, that as much as $49 billion revenue
from crude oil liftings between January 2012
and July 2013 was diverted by the NNPC.
Though the figures put forward by the CBN,
Finance Ministry and NNPC were reconciled,
further reconciliation was required to between
the balance of $12 billion by the CBN
governor and $10.8billion by the Minister of
Finance, Ngozi Okonjo-Iweala.
Mr. Sanusi, who called for a broad based
investigations into the controversy, had
reviewed his figure to $20 billion when he
appeared before the Senate Committee that
probed the issues.
When Mrs. Okonjo-Iweala, announced the
appointment of PriceWaterhouse Coopers, PwC
Nigeria, to conduct a detailed investigation
into the accounts and activities of NNPC for
the period, the auditors were given 16 weeks
to complete the assignment and turn in its
report.
The report was behind the September 2014
deadline by a few weeks. But, the Federal
appeared to have dragged its feet on the
decision to make the report public, stirring
demands by concerned Nigerians for its
release.
Apart from the Presidential candidate of the
All Progressives Congress, APC, Muhammadu
Buhari, who made the call on government to
publish the report, the former Vice President
of the World Bank, Oby Ezekwesili also joined
to demand for the report.
The former CBN governor, Chukwuma Soludo,
also touched on the issue in his recent article
accusing the managers of the Nigerian
economy of not accounting for several billions
of oil money.
http://www.premiumtimesng.com/business/176725-20-billion-audit-report-nigerians-demand-full-disclosure-findings.html

those criminals are under pdp's umbrella, they are safe for now.


Buhari will soon come to rescue us...


SaiBuhari.....

Everybody was clamouring for investigation,now result is out and u dnt want to accept it.E be like sey u Neva know sey stealing is not a corruption.I no get time for dat jor .i rep CHANGE,I rep # buhari

modhream:
Nigerians have rejected the highlights of the
forensic audit report on the operations of the
Nigerian National Petroleum Corporation,
NNPC, released last Thursday by the federal
government.
The report presented by the Auditor General of
the Federation, AuGF, Samuel Ukura, showed
that total revenue generated from crude oil
lifting by NNPC on behalf of the Federal
Government was $69.34billion (about
N11.65trillion) as against $67 billion
(N11.26trillion) reported at the end of the
Senate probe.
Besides, the report also found out that a total
cash of $50.81billion (N8.53trillion) and not $
47billion (about N7.90trillion) remitted to the
Federation Account from the crude oil lifting
for the period under review.
According to the AuGF, based on the
information available to the auditing firm, the
conclusion from the audit was that NNPC and
its upstream industry subsidiary, Nigerian
Petroleum Development Company, NPDC,
would refund a minimum of $1.48billion
(N248.6billion).
Mr. Ukura said his presentation was made at
the instance of President Goodluck Jonathan,
who requested that only the highlights of the
findings should be presented to the public.
However, a cross-section of Nigerians,
including civil society groups, have faulted the
presentation of only the highlights of the
report, saying it amounted to a disservice to
democracy, transparency and openness,
Executive Director, Civil Society Legislative
Advocacy Centre, CISLAC, Auwal Rafsanjani,
that the president asked the AuGF to release
only the highlights and not the entire report is
suggestive that government has something to
hide.
“The whole process was stage-managed,” Mr.
Rafsanjani said. “Government hurriedly put the
report together. Remember there was so much
reluctance to even order the audit till
Nigerians pressurized them into it.
“After the audit, the report should have been
submitted since September last year, but, they
kept it until Nigerians began to demand for it.
So, Nigerians are not satisfied with the report.
It does not meet the minimum standard for
transparency and accountability.”
The Lead Director, Centre for Social Justice,
CENSOJ, Eze Onyekpere, said Nigerians
deserved to be given the details of the findings
to enable them make their objective decision
on what’s going on.
“There is no reason why the whole report
should not be in the public domain,” Mr.
Onyekpere said. “The report of the audit
should not be given in snippets. Most
Nigerians are all reasonable and matured
enough to read and draw their independent
conclusions.
Though he supported the idea of the Auditor
General, as the Chief auditor of the federation”
studying the report, Mr. Ukura said the report
should equally be available in the public
domain for their appraisal.
“There are many Nigerians not in government,
who are auditors, who can give government
their own independent recommendations.
“The report should published through the
website of the Federal Government, Federal
Ministries of Finance, Information or Office of
Accountant General and Auditor General, so
that as the Auditor General is studying the
report as a technocrat to make his own
recommendations, Nigerian would also study
to make their input,” he said.
For the Chief Executive Officer, Global
Analytics Consulting Limited, Tope Fasua, the
refusal of government to release the full
report is a reflection of the culture of disdain
for full disclosure in the country.
According to Mr. Fasua, if total government
revenue for 2013 budget was N10trillion, and
the Federal Inland Revenue Service, FIRS, alone
accounted for more than 50 per cent,
government, over time have has refused to
disclose the contributions of other revenue
agencies like Nigeria Customs Service, NCS; and
Nigerian Ports Authority, NPA,
“That lends credence to what former CBN
governor, Charles Soludo, said. It seems the
country is making a lot of money than
government is willing to let people know,” he
said.
“The government cannot be said to be running
the country when one cannot give out
information. The country cannot be run as a
fiefdom. The report was conducted with the
people’s commonwealth.”
Lagos lawyer, Femi Falana, said it was
improper to make only the highlights available
to Nigerians, adding that it was left for
Nigerians to rise up and take advantage of the
Freedom of Information, FOI, law and demand
for the release of entire report.
But, Mr. Fasua said Nigerians should not be
subjected to the idea of using the, FOI, law to
access the report, pointing out that it was
totally unacceptable to run the country like a
jungle.
The Nigerian Extractive Industries
Transparency Initiative, NEITI, the
transparency and accountability agency in
charge of oil and gas industry operations
auditing, was not involved in the process.
Asked whether the non-involvement of NEITI
would not affect the integrity of the report,
the Director of Communications, NEITI,
Ogbonnanya Orji, said other government
agencies could conduct independent
investigations on any institution.
The audit ordered by the Federal Government
April 2014 followed allegations by the former
Central Bank of Nigeria, CBN governor, Lamido
Sanusi, that as much as $49 billion revenue
from crude oil liftings between January 2012
and July 2013 was diverted by the NNPC.
Though the figures put forward by the CBN,
Finance Ministry and NNPC were reconciled,
further reconciliation was required to between
the balance of $12 billion by the CBN
governor and $10.8billion by the Minister of
Finance, Ngozi Okonjo-Iweala.
Mr. Sanusi, who called for a broad based
investigations into the controversy, had
reviewed his figure to $20 billion when he
appeared before the Senate Committee that
probed the issues.
When Mrs. Okonjo-Iweala, announced the
appointment of PriceWaterhouse Coopers, PwC
Nigeria, to conduct a detailed investigation
into the accounts and activities of NNPC for
the period, the auditors were given 16 weeks
to complete the assignment and turn in its
report.
The report was behind the September 2014
deadline by a few weeks. But, the Federal
appeared to have dragged its feet on the
decision to make the report public, stirring
demands by concerned Nigerians for its
release.
Apart from the Presidential candidate of the
All Progressives Congress, APC, Muhammadu
Buhari, who made the call on government to
publish the report, the former Vice President
of the World Bank, Oby Ezekwesili also joined
to demand for the report.
The former CBN governor, Chukwuma Soludo,
also touched on the issue in his recent article
accusing the managers of the Nigerian
economy of not accounting for several billions
of oil money.
http://www.premiumtimesng.com/business/176725-20-billion-audit-report-nigerians-demand-full-disclosure-findings.html

A scam audit report to cover scam!

And the beat goes on...

KPMG carried out an audit on this same vipers pit called NNPC in 2010. Under the Goodluck Jonathan administration. The verdict was about the same as the verdict of the PwC report just in: the NNPC and successive Nigerian governments have been, and will always be a threat to national security. Can anyone even remember the KPMG report today? Was it ever released to the public? Wasn't it a leaked version that found its way into the public domain? Did anyone go to jail?

Fast forward 4 years to 2015. Another auditor, same NNPC, same government of Dr. Goodluck Jonathan. This time, the auditor says over 1 billion dollar bills developed minds of their own and refused to go into the federal coffers where they belonged. The auditor has recommended that the NNPC find a way to make those dollar bills retrace their steps into the federation account. What will happen this time? Will this report fade away and become a distant memory like the report of 4 years ago? Will anyone go to jail?

Nigeria, your future is in your hands.

I have never seen thus before in my life. In a democracy ab audit report was submitted to government l. Quick quick NNPC was instructed to pay $1.4bn to the FG by the minister.Quick, quick they had paid. These are not corrupt people at all..these are thieves. What they are trying to hide is plenty.

The house of horrors that is the NNPC has finally been uncovered.

All the parties in this mess are losers. From PwC (which has issued a report which to all intents and purposes does not meet the most basic standards of an audit anywhere on the globe) to the broken, irredeemable PDP-led government of Goodluck Jonathan and his predecessors (Olusegun Obasanjo & Umaru Musa Yaradua).

But the biggest losers by far are ordinary Nigerians. This is their hell. They do not know why or how to hold their leaders accountable and this is the outcome.