₦airaland Forum

Report of Tribunal of Inquiry into Crude Oil Sales which was setup to investigate the case of missing $4 billion dollars during the tenure of Buhari as Minister.

[img]http://books.google.com/books/content?id=keouAQAAIAAJ&printsec=frontcover&img=1&zoom=1[/img]

This document is still available in the Federal gazette office and is available at the Stanford on line libaray.

Anybody with a Stanford library pass can download the document here http://searchworks.stanford.edu/view/1942901

All evidence was then destroyed by Buhari when he seized power in 1983.

Hypocrite thief.

Buhari should shut up!

[size=18pt]Buhari's legacy as Minister of Petroleum.[/size]

Despite its relative autonomy in those early years, NNPC was hopelessly inept. In the wake of allegations of massive fraud, including an improper withdrawal of more than $4b from the corporation’s accounts in the late 1970s, the newly elected President Shehu Shagari (1979-83) in March 1980 instituted a tribunal to probe allegations.

NNPC’s oversight and regulatory role over the industry was virtually non-existent, due to a combination of low capacity, sheer inaction, and simply a proclivity of the corporation to break the law.

Agreements with IOCs lay around for years without ratification, and the IOCs often acted as if the corporation never existed. [size=18pt]NNPC’s accounting system was an unmitigated shambles; the corporation had never prepared and submitted audited accounts. [/size]

The industry under NNPC up to 1980 was so dismal that the tribunal— even with its full judicial powers to subpoena witnesses and information —could not reconcile crude oil production and sales figures from the various arms of government. The panel recommended the pruning of the power of NNPC and the streamlining of its operation for increased efficiency.

The limitation of the panel is underlined by the tribunal’s failure to summon Generals Obasanjo and Muhammadu Buhari, who as national ruler, and oil minister NNPC chairman respectively “supervised the NNPC and controlled oil sales during the period in question.

http://bakerinstitute.org/media/files/page/9b067dc6/noc_nnpc_ugo.pdf

Mynd44:
When top government officials were busy slandering Islam you people cheered them on. You all walked around smiling while your leaders make silly statements about religion and it was okay to all of you abi?

I guess next the FG will blame Sauidi Arabia

what nonsense is this?