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Us Governance Report | Corruption: $4.2 Billion Missing In Nnpc Under Buhari - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Us Governance Report | Corruption: $4.2 Billion Missing In Nnpc Under Buhari (1125 Views)

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Us Governance Report | Corruption: $4.2 Billion Missing In Nnpc Under Buhari by VillageParrot: 5:31pm On Apr 01, 2016
The Nigeria National Petroleum Corporation (NNPC) is withholding billions of dollars in revenue from the government’s coffers despite President Muhammadu Buhari’s war on corruption, according to a report published Thursday by the Natural Resource Governance Institute, a New York-based watchdog.

Under Buhari’s administration, Nigerian National Petroleum Corporation (NNPC) failed to remit $4.2 billion — 66 percent of proceeds — to the treasury in the second half of last year, the report revealed.

The company, aka NNPC, raked in $6.3 billion from its crude oil sales in the second half of 2015, but only $2.1 billion entered the government’s account. While some of the company’s withholdings cover known costs, NNPC has not fully explained other expenses.

“This was 12 percent higher than the withholdings under Goodluck Jonathan in 2013 and 2014,” authors Aaron Sayne and Alexandra Gillies said in the report, obtained by International Business Times. “Corruption aside, allocating $4.2 billion in six months to NNPC expenses of unknown priority raises serious questions about fiscal responsibility.”

Read more: http://www.signalng.com/report-massive-fraud-4-2-billion-missing-nnpc-buhari/
Re: Us Governance Report | Corruption: $4.2 Billion Missing In Nnpc Under Buhari by Pinkieblue(f): 5:33pm On Apr 01, 2016
Ahhhhh.... yekpa
Re: Us Governance Report | Corruption: $4.2 Billion Missing In Nnpc Under Buhari by petkoffdrake2(m): 5:36pm On Apr 01, 2016
Buhari! Nigerians Nightmare!! grin

1 Like

Re: Us Governance Report | Corruption: $4.2 Billion Missing In Nnpc Under Buhari by roman001: 5:36pm On Apr 01, 2016
Are u sure of the news
Re: Us Governance Report | Corruption: $4.2 Billion Missing In Nnpc Under Buhari by Remii(m): 5:41pm On Apr 01, 2016
petkoffdrake2:
Buhari! Nigerians Nightmare!! grin
if this is true, I don't we will help ourselves by blaming Buhari, I think we just have endemically corrupt people and we all need to help Buhari by condemning them not expect Buhari to be everywhere, the report never said Buhari told them to do what they are doing, we are in democracy, he can't sack or jail people by fiat, he cannot sack everyone either. Stolen money doesn't belong to him alone.
Re: Us Governance Report | Corruption: $4.2 Billion Missing In Nnpc Under Buhari by KingsJohnson(m): 5:42pm On Apr 01, 2016
Why is America so interested in dis country?
Re: Us Governance Report | Corruption: $4.2 Billion Missing In Nnpc Under Buhari by Profwriter(m): 6:08pm On Apr 01, 2016
Remii:
if this is true, I don't we will help ourselves by blaming Buhari, I think we just have endemically corrupt people and we all need to help Buhari by condemning them not expect Buhari to be everywhere, the report never said Buhari told them to do what they are doing, we are in democracy, he can't sack or jail people by fiat, he cannot sack everyone either. Stolen money doesn't belong to him alone.

enough of this shit. Nigeria cannt move forward with this trash. Who is the minister of pectroleum? I thought he took the office so that money wont be missing.
Mtchewwwww

2 Likes

Re: Us Governance Report | Corruption: $4.2 Billion Missing In Nnpc Under Buhari by Sunofgod(m): 6:08pm On Apr 01, 2016
Chineke....
Re: Us Governance Report | Corruption: $4.2 Billion Missing In Nnpc Under Buhari by BeClever: 6:13pm On Apr 01, 2016
grin
Re: Us Governance Report | Corruption: $4.2 Billion Missing In Nnpc Under Buhari by Promantwo(m): 6:14pm On Apr 01, 2016
KingsJohnson:
Why is America so interested in dis country?
because APC and buhari tell them.
Re: Us Governance Report | Corruption: $4.2 Billion Missing In Nnpc Under Buhari by Preciousnelly19: 6:15pm On Apr 01, 2016
Remii:
if this is true, I don't we will help ourselves by blaming Buhari, I think we just have endemically corrupt people and we all need to help Buhari by condemning them not expect Buhari to be everywhere, the report never said Buhari told them to do what they are doing, we are in democracy, he can't sack or jail people by fiat, he cannot sack everyone either. Stolen money doesn't belong to him alone.
Finally, u now know corrupt people is every where.... when Jonathan was on sit, u were all against him and said He is corrupt. Now, your almighty Buhari is on sit, the story has changed. Am Happy all these things are happening atleast Nigerians will know what a great man they lost (Jonathan)

2 Likes

Re: Us Governance Report | Corruption: $4.2 Billion Missing In Nnpc Under Buhari by mile12crises: 6:17pm On Apr 01, 2016
Buhari must be chased out of Aso rock and then prosecuted
Re: Us Governance Report | Corruption: $4.2 Billion Missing In Nnpc Under Buhari by FastShipping: 6:19pm On Apr 01, 2016
Look at the source of the this trashy piece of news: http://www.signalng.com/report-massive-fraud-4-2-billion-missing-nnpc-buhari/

There you have it folks grin grin grin

signalng grin grin

1 Like

Re: Us Governance Report | Corruption: $4.2 Billion Missing In Nnpc Under Buhari by millhouse: 6:27pm On Apr 01, 2016
What is going on
Re: Us Governance Report | Corruption: $4.2 Billion Missing In Nnpc Under Buhari by Mynd44: 6:31pm On Apr 01, 2016

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