Alleged missing $20bn: Emir Sanusi got
it wrong again, says NNPC
on march 19, 2015 at 8:25 pm in news

CBN Gov, Sanusi and Minister of Petroleum
Resources, Alison-Madueke
Abuja – The Nigerian National Petroleum
Corporation (NNPC) has objected to recent
statements credited to the Emir of Kano, Alhaji
Muhammadu Sanusi, claiming that the issues
surrounding his allegation against NNPC have not
been addressed
This is contained in a statement issued by the
Group General Manager, Group Public Affairs
Department, NNPC, Mr Ohi Alegbe, on Thursday in
Abuja.
The statement said the Emir, a former Governor of
the Central Bank of Nigeria (CBN), had reiterated
that his allegation of unremitted 20 billion dollars oil
revenue against NNPC was not properly addressed.
It expressed concern that the respected traditional
ruler, against the findings of the Senate Committee
on Finance and PricewaterhouseCoopers (PwC), still
held on to his claim over the issue.
“Our attention has been drawn to the latest gambit
of the former CBN governor and Emir of Kano,
Muhammadu Sanusi II, to reinvent the wheel of his
false allegations against NNPC during an interview
with Christiane Amanpour of the CNN.
“According to the royal father, one of them (issues)
is the billions of dollars being paid in kerosene
subsidies without appropriation by the National
Assembly and against a presidential order, ” it said.
The statement said that the emir, (as CBN
governor), attended the hearings of the senate
committee where the issue of kerosene subsidy
was exhaustively looked at vis-à-vis the
Presidential Memo directing the removal of
kerosene subsidy.
“The explanation was that the process of
implementing the presidential directive was not
followed through by the Minister of Petroleum
Resources at that time as required by law which
technically meant that kerosene subsidy was not
removed,” it stated.
It stated that it was on the basis of this that the
committee, in its report, recommended that the
executive should prepare and present to the
National Assembly a supplementary budget.
It said the budget was to cover the expenditure for
N90.6 billion for premium motor spirit subsidy 2012,
and N685.9 billion for kerosene subsidy expended
without appropriation by the National Assembly.
It explained that PricewaterhouseCoopers (PwC)
had also observed in its recent forensic audit report
that regarding the issue of subsidy on DPK
(kerosene), the presidential directive of Oct. 19,
2009, was not gazetted.
It stated that PwC added that there was no other
legal instrument cancelling the subsidy on DPK.
According to the statement, the senate committee
has also concluded that all that is now required is
for the FGN to propose appropriation for the
unappropriated subsidy for the period in a
supplemental budget.
“We are therefore at a loss as to what Sanusi meant
by his statement that issues surrounding his
allegation of unremitted $20bn, especially regarding
kerosene subsidy, have not been adequately
addressed.
“Why the royal father appears hell-bent on hanging
a tag of corruption on the corporation, even when all
the inquiries into his allegation of unremitted funds
have proved otherwise, remains a mystery to us,” it
stated.
It urged the royal father to own up to his error of
raising “false allegation” and apologise for same
rather than continue in error.
The corporation enjoined Nigerians and the general
public to discountenance the latest attempt to
resurrect the campaign against it.(NAN)

Nonsense..

Release the full PWC audit report. Let Nigerians be the judge.

Thieves!!!!

garrix8 must be high on soured garri.

garrix8:
Nonsense..

Release the full PWC audit report. Let Nigerians be the judge.

Thieves!!!!

Bless you.
Anybody wey ur comment dey pain, make dem go drink acid.
Hehehehehehehehehehe!