“NNPC exported $1bn of crude oil without records” – Auditor-General alleges
The Auditor General of the Federation has alleged that the Nigerian National Petroleum Company (NNPC) Limited headed by Group Managing Director, Mele Kolo Kyari, exported 17.877 million barrels of crude without proper documentation in four years.
In a report published on its website, the AuGF revealed that the product valued at over $1trullion dollars was exported by NNPC between 2016 and 2020.
He also faulted the NNPC for appointing two Pre-Shipment Agents and one Monitoring and Evaluation Agent in 2017 knowing fully well that President Muhammadu Buhari had canceled the appointments of all service providers two years earlier.
The Office of the Accountant-General of the Federation was also indicted for making payments of N73 billion to PIAs and MEAs for inspection and monitoring of oil and gas exports.
AuGF noted that the payments were without budgetary provision and violated Section 80(4) of the 1999 Constitution.