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NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general - Politics (3) - Nairaland

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Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by Urine: 10:57pm On Mar 14, 2016
Sajio:
I thought they hired PWC to re-Audit NNPC? How come they didn't publish their Forensic, Auditor General must be an APC member.... else APC should get a nuetralist to do this job joor.. lies everywhere. so is now $16b and not $49.8b?

Lool, that forensic report has been out since last year, Google it.
Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by Forwetinnah: 11:06pm On Mar 14, 2016
While this got missing under boooooohari in less than a year

http://www.vanguardngr.com/2016/03/fgs-n3-1-trillion-revenue-loss-traced-to-an-individual/

By the time boooooohari is done with Nigeria, the 15million Oponus who voted him will be picking their jaws off the floor. Shiooor

1 Like

Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by Ndolarr: 11:14pm On Mar 14, 2016
But the Auditor General was appointed by Jonathan! How can he be blamed for indicting Jonathan to satisfy APC! No, that frog-eyed Diezani really misled Jonathan to be reckless with public funds!! I believe the Auditor General's report. Jonathan is to blame!!!

1 Like 1 Share

Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by Deen77: 11:40pm On Mar 14, 2016
I expect more revelations, if Algeria foreign reserve is $155 billion and Nigeria reserved is $29 billion with debt of over $40 billion.

The difference is clear, more revelations coming soon.

1 Like 1 Share

Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by Deen77: 11:43pm On Mar 14, 2016
Forwetinnah:
While this got missing under boooooohari in less than a year

http://www.vanguardngr.com/2016/03/fgs-n3-1-trillion-revenue-loss-traced-to-an-individual/

By the time boooooohari is done with Nigeria, the 15million Oponus who voted him will be picking their jaws off the floor. Shiooor

The oponus like you can bear 16 years of PDP, then we can bear 4 years of APC.

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Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by 9jatatafo(m): 11:51pm On Mar 14, 2016
Oshiomhole has passed the disease of numerical diarrhea on to this auditor.

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Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by diva90: 12:09am On Mar 15, 2016
Ndi Oshi, there is no way God would have let these crooks Come back for a second term undecided
Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by omoigbomina(m): 12:32am On Mar 15, 2016
greatbrian:
Apcand their blame game again can't dz pple do without finding someone to blame for their incompetency
the auditor general has been in that position since Jonathan's time.So if you want to ascribe party affiliation to it you should rather say he is Pdp.

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Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by tosyne2much(m): 12:36am On Mar 15, 2016
Luxxycool:
The worst of Buhari's administration is still far better than the best of Jonathan's administration.
Seconded !!! Bro, send me your bank account details cool

1 Like

Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by LFJ: 12:39am On Mar 15, 2016
OZAOEKPE:
"na till 2019 we go stop to hear about jonathan" use less leaders

Useless followers who don't know that a kobo steal from national pulse come with a consequence. One of such consequence is the reason why you celebrate looters as leaders.
Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by Nobody: 1:22am On Mar 15, 2016
How much went unremitted during Thief Obasanjo's 8 years as president and Petroleum minister .

In GEJ defence he was not the Petroleum Minister as Thief Obasanjo was.

2 Likes

Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by prmascot: 1:35am On Mar 15, 2016
Nigerian youth should learn to focus on building a career or start-up. The government has failed us, its time for us to work smart and in unity.... register with PR-Mascot business community for ideas on start-up. lets take our country back. prmascot.com
Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by truthspeaks: 1:52am On Mar 15, 2016
Dats true, but buhari z nt doin a gud job either. So we ll jst manage him till 2019. In d meantime, each man shld tk care of himslf as these our leaders both current n past r all useless
olaboy33:
I just keep what would happened to nigeria if jonathan was the one leading us during this hard time...
Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by Duru1(m): 1:52am On Mar 15, 2016
ijustdey:


Auditor General of the Federation, Samuel Ukura has revealed that the NNPC under Goodluck Jonathan withheld N3.2 trillion ($16 billion) in revenues from the federal government in 2014, the auditor-general said on Monday, confirming claims by then Central Bank of Nigeria governor, Emir Sanusi Lamido.

Constitutionally, the Nigerian National Petroleum Company (NNPC) must hand over all oil revenue – which makes up about 70 per cent of total income – and money is then paid back based on a budget approved by parliament.

Ukura, who presented his findings in a report to lawmakers at the National Assembly, said other government ministries and agencies had also failed to remit funds, taking the total not passed on to 3.3 trillion naira for 2014.

No one at the NNPC could immediately be reached to comment or provide details of the amount remitted that year. According to the latest figures on OPEC’s website, Nigeria’s oil exports are worth about $77 billion a year.

Development in Nigeria, Africa’s biggest oil producer and largest economy, has been stunted by decades of corruption and mismanagement. President Muhammadu Buhari took office last year on an anti-corruption ticket.

Ukura’s report stated that it was based on an “examination of NNPC mandates to CBN (Central Bank of Nigeria) on Domestic Crude Oil Sales and Reconciliation Statement of Technical Sub-committee of Federation Account Allocation Committee (FAAC) meeting held in January 2014”.
“Amount not remitted to FAAC was N3,234,577,666,791.35,” the auditor-general said in his report.

In 2014, the then central bank governor, Lamido Sanusi, was suspended after accusing the NNPC of failing to pay $20 billion into government accounts between January 2012 and July 2013.



www.pmnewsnigeria.com/2016/03/14/nnpc-under-jonathan-failed-to-remit-n3-2trn-says-auditor-general/



Arrant nonsense. This is ranting of ants.

2 Likes

Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by TheGoodJoe(m): 2:39am On Mar 15, 2016
LadyExcellency:
Is the auditor General now a substitute to PwC'S Forensic Audit Report On Finances Of The NNPC commissioned by Oshemohle and Elrufia lead National Economic Council?


Where is the forensic report?

[size=14pt] PwC's audit report supports many of Sanusi's allegations. [/size]

The auditors found that the total gross revenues generated from the federal government of Nigeria crude oil liftings was $69.34bn from January 2012 to July 2013.

The total cash remitted into the government's accounts in relation to crude oil lifting was $50.81bn, leaving $18.53bn unaccounted for.

The report raised serious questions about the level of transparency and corporate structure of the national oil company.

http://www.internationalaccountingbulletin.com/news/pwc-forensic-report-on-oil-revenues-unveils-nigerias-demons-4570423

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Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by joyandfaith: 3:42am On Mar 15, 2016
it is only a fool that would believe this.

2 Likes

Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by Oz4realsss: 3:45am On Mar 15, 2016
Luxxycool:
The worst of Buhari's administration is still far better than the best of Jonathan's administration.
In your dream

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Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by richeso: 3:47am On Mar 15, 2016
APC media lies upon lies , from 1 propaganda to the other.. lol.. yet no one has been jailed yet. efcc never win any case since this rubbish propaganda's. even the courts knows the truth.

Abeg leave this Gentle man alone. and work.

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Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by Nobody: 4:07am On Mar 15, 2016
So what's the basis of the audit done by the PCW if such an amount was not accounted for and was not mentioned in that phony audit.Hmmm.

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Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by sublimes: 5:20am On Mar 15, 2016
It's more than 9months into this administration, and honestly, we are in the middle of no where as a country. The APC led government is a total disappointment.

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Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by wink2015(m): 5:34am On Mar 15, 2016
[size=18pt]former President Jonathan destroyed the economy of Nigeria. Under his watchful eyes he gave orders to his subordinate to loot the nations and deliberately and indeliberately rip the nation of its finance. One could imagine what another 4 years of Jonathan presidency would have been like [/size]

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Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by Yyeske(m): 5:52am On Mar 15, 2016
joyandfaith:
it is only a fool that would believe this.
Yes, only fools will be happy when their common patrimony is stolen away by a few. Give us any report to counter this, you no fit.

1 Like

Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by Yyeske(m): 5:57am On Mar 15, 2016
sublimes:
It's more than 9months into this administration, and honestly, we are in the middle of no where as a country. The APC led government is a total disappointment.
If only returning our wealth stolen by GEJ and his cohorts is all PMB can achieve in his first term, then I'll vote him for a second term. Continue supporting corruption

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Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by sublimes: 6:32am On Mar 15, 2016
Yyeske:
If only returning our wealth stolen by GEJ and his cohorts is all PMB can achieve in his first term, then I'll vote him for a second term. Continue supporting corruption
What have they done with the money collected so far? What projects have been executed? Pls I need fuel joor.
Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by Deen77: 6:32am On Mar 15, 2016
macarson2k:
Keep blaming till 2019

You still blame military after 17 years.
Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by Gboliwe: 6:37am On Mar 15, 2016
Boring news! Bloody noisemaking liars angry angry

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Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by IVORY2009(m): 6:41am On Mar 15, 2016
Government of propaganda......propaganda.....when will the government settle down and work!

Na be only 3.2trillion naira, tomorrow it will be 900 trillion naira shocked shocked dis govt self

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Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by Nobody: 6:51am On Mar 15, 2016
Ok na, so what is d way forward?
Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by ikorodureporta: 7:06am On Mar 15, 2016
Diezani + Iwealla
Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by Austino101(m): 7:30am On Mar 15, 2016
ccccc ehnnn u guyx shoould kip blaming GEJ........til he wil bcum president of US b4 una eye go clear.......lassa dey oooo.....fulani hardsmen dey kill......fuel dey increase......economic dey melt dwn steady.....make una no find solution......kip d blame game on.........dere is God
Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by mapet: 7:30am On Mar 15, 2016
LadyExcellency:
Is the auditor General now a substitute to PwC'S Forensic Audit Report On Finances Of The NNPC commissioned by Oshemohle and Elrufia lead National Economic Council?


Where is the forensic report?

Quit the folly! Even PriceWaterHouse flagged the caveat that the report was limited as they were not availed necessary documents to carry out a complete forensic report.

"The procedures we performed did not constitute an examination or a review in accordance with generally
accepted auditing standards or attestation standards. Accordingly, we provide no opinion, attestation or other
form of assurance with respect to our work or the information upon which our work was based.
"
http://cloudflare.qurium.info/premiumtimesng.com/docs_download/Full%20report--20billion%20dollars%20missing%20oil%20money.pdf?cf=1

Even from the limited audit, you could see the loose ends......See some exerpts

"He said that the report indicated that “the gap between the company’s oil revenues between January 2012 and July 2013 and cash remitted to the government for the same period was $18.5bn”. He said the report also outlined the questionable expenses parts of the missing money were spent on.

The PwC report also indicated that some of the billions should have been expended on providing subsidy on kerosene and that the “executive secretary of the agency charged with administering subsidies confirmed that, acting on Yar’Adua’s orders, it had ceased granting subsidies on kerosene. There was no appropriation for such a subsidy in the 2012 or 2013 budgets,” Sanusi said in the article.

The Emir of Kano believed that $12.5 billion out of the $18.5bn in revenues that the state oil company did not send to the government, according to his calculations, was diverted."
http://guardian.ng/news/pwc-audit-report-confirms-18-5bn-was-diverted-from-nnpc-account-says-sanusi/

2 Likes

Re: NNPC Under Jonathan Failed To Remit N3.2trn, Says Auditor-general by mapet: 7:34am On Mar 15, 2016
Sajio:
I thought they hired PWC to re-Audit NNPC? How come they didn't publish their Forensic, Auditor General must be an APC member.... else APC should get a nuetralist to do this job joor.. lies everywhere. so is now $16b and not $49.8b?

Were you living in Mars or just plain ignorant. The PWC report was published in February 2015 http://cloudflare.qurium.info/premiumtimesng.com/docs_download/Full%20report--20billion%20dollars%20missing%20oil%20money.pdf?cf=1

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