How did the Nigerian National Petroleum Corporation (NNPC) spend N3.8 trillion in three years?

This is the puzzle a four-man committee has been asked to resolve.

The four “wise men” are: Governors Adams Oshiomhole (Edo), Ibrahim Dankwambo (Gombe), Udom Emmanuel (Akwa Ibom) and Nasir El-Rufai (Kaduna).

Oshiomhole yesterday broke the news to State House correspondents after the National Economic Council (NEC) meeting chaired by Vice President Yemi Osinbajo at the Presidential Villa, Abuja.

He was accompanied by the Chairman of the Nigeria Governors’ Forum and Zamfara State Governor Abdulaziz Yari, Kaduna State El-Rufai and Udom Emmanuel.

According to him, from the reports presented to NEC by NNPC and the office of the Accountant General of the Federation on Monday, N8.1 trillion generated from oil sales during the period ought to have been remitted to the Federation account.

Only N4.3 trillion was remitted to the Federation Account by NNPC, Oshiomhole said.

He also disclosed that former Minister of Finance Ngozi Okonjo-Iweala spent $2.1 billion from the Excess Crude Account without approval between November last year and May 2015.

His words: “This is the first time we had a National Economic Council meeting in which under the instructions of the President, NNPC and the Office of the Accountant General of the Federation were compelled to provide information in black and white on issues as they relate to the total sales of Nigeria crude from 2012 to May 2015. This has never happened before and for us this is profound.

Read full story
http://monitor9ja.com/2015/06/nec-sets-up-four-man-panel-to-probe-how-nnpc-squandered-n3-8tr/

Another Flying Elephant project.

I'm not sure about the inclusion of Governor Udom, because of his loyalty to his predecessor who could be an informant to the former minister of Petroleum. This to some extent could lead to the corruption of evidence because of conflict of interests.

.

This is just the beginning. N3.8tr thats hell of money.

The findings of this report shall also enter "VOICEMAIL"! This kind film no dey finish 4 naija! Abeg make I go piss!

3.8 what? BLOOD OF JESUS....

A white horse race.... Thought it was something serious

Money keep flowing anyhow. The only problem Nigeria is having is mismanagement.

Diezani


Diezani


Diezani maduekwe

How many times have I called u?

Egberipapa 1 of bayelsa will not be their to save u.

Kirikiri is going to b Ur new home.

Tanoids quote me and di..........e

musiwax:
I'm not sure about the inclusion of Governor Udom, because of his loyalty to his predecessor who could be an informant to the former minister of Petroleum. This to some extent could lead to the corruption of evidence because of conflict of interests.

You are not even sure of your citizenship, and you want us to take you serious on such sensitive national issues!!!

eyenibibio:


You are not even sure of your citizenship, and you want us to take you serious on such sensitive national issues!!!

and you know this because?

musiwax:


and you know this because?

Since the day you registered on this forum, not a single topic to your credit. Are you a ghost buster or wah?!!!!