₦airaland Forum

4.1.6. Other findings
4.1.6.1. Data collation and single point accountability
The data gathered by the various Agencies and sub-units are kept within the custody of the respective
Agencies/SBUs. There is no single reliable data repository that can provide a holistic overview of the
crude oil sales process from end to end. As such, variances in the records which would flag issues may
be missed. Also, the opportunity to take informed decisions based on robust underlying data is
limited.
We observed that the same data obtained from different sources contained discrepancies which had
not been reconciled as at the time of this review. An example would be the details of all crude oil
cargoes lifted; information from the DPR, Pre-shipment Inspection Agencies and the NNPC COMD
had not been reconciled as at the time of review.
More so, the various Agencies and sub-units administering the crude oil sales process work in silos
and there is no single point accountability. This is characterized by record duplications, reconciling
items, opacity regarding the activities of certain Agencies/SBUs and inefficiencies.
Reconciliation was particularly challenging as we needed an independent source to verify the lifting
records provided by COMD. The data obtained from DPR and the PIAs were incomplete, duplicated
or difficult to interpret.
The reports generated by the Agencies/SBUs have different formats and classifications which creates
difficulties in comparison of similar data sets from different Agencies/SBUs. For example, the export
data as captured by the PIAs and DPR does not break down the crude oil exports per category like Tax
Oil, Royalty oil, Export crude etc

obailala:
Actually, the PWC report also identified and illegal over $9bn spending by NNPC but NNpC claims this money was spent on kerosene subsidy which was never included in the national budget nor approved by the NASS.

With just this little info, Sanusi is already right about $1.4 bn + $9bn

jusRadical:
Assuming that Buhari after assuming office, probes the issue of the 'missing' $20billion and discovers that it is all lies (though I reckon that Buhari knows the truth about the issue), what will be the atmosphere in Nigeria?

diamondtutu:
First of all,you must be very stupid for calling d sperm that made u fresh and made u babies disgusting Liquid.


Idiotess.

Sweetguy25:
20 billion dollars is almost the annual allocation to all Nigerian states.
During the period the money was said to be missing, no state or local government ever complained of not being remitted or given its allocation for the month throughout the year.
Only a complete fooool, an utter ìdiot will believe that 20 billion dollars can go missing without having any effect whatsoever in government expenditure.

MalcoImX:
Amaechi especially, if he's an Igbo can make it because he has a national appeal. Okorocha and Ngige too. But the problem with Igbo politics is anybody who tries to build a bridge to other Nigerians is seen as an outcast.