About 160 million barrels of crude oil, valued at $13.7bn were stolen under the watch of the Nigerian National Petroleum Corporation, the Nigerian Extractive Industries Transparency Initiative, NEITI has revealed.
The declaration was made by the Executive Secretary of the NEITI, Hajiya Zainab Shamsuna-Ahmed, on Wednesday, July 30, 2015 during his visit to Governor Nasir el-Rufai of Kaduna State at Sir Kashim Ibrahim Government House, Kaduna.


In a report by The Punch, the NEITI boss, who called on the Federal Government to privatise the refineries, stated further that 'Crude product swap of $866m was lost from 2009 to 2011 and $82.43m in 2012.'

In her words, Shamsuna-Ahmed said, “Crude product swap of $866m was lost from 2009 to 2011 and $82.43m in 2012. Total amount expended on subsidy payment from 2005 to 2012 as captured, $11.631m have been paid to the NNPC,. However, there is no evidence this amount was remitted to the federation account.”


Meanwhile, el-Rufai alleged that since he called for the scrapping of NNPC, the corporation has being sponsoring articles in the media to attack him, saying he would continue to fight till NNPC was killed.
In his words, 'NNPC has become a monster and too powerful. I will continue to fight NNPC till it dies for Nigeria to survive. Its either Nigerians kill NNPC or NNPC will kill Nigeria. 'Since I called for the death of NNPC, the corporation sponsored articles attacking me, but I am telling them my skin is ticker than that of an elephant. The NNPC can’t bribe us, the four governors,' he opened up.
El-Rufai is among the four governors, appointed by the National Economic Council to scrutinise the accounts of the NNPC and the Excess Crude Account managed by the administration of former President Goodluck Jonathan.
El-Rufai is joined by governors of Akwa-Ibom, Edo and Gombe states are members of the panel.

http://pulse.ng/local/nnpc-transparency-agency-says-13-7bn-was-stolen-from-oil-corporation-id4024686.html

Aromas:
Hum... Thank God the clueless man does not win his 2nd term, if not...................we 4 dey see water call am fuel.

ifeanyija:
Different figures everyday, pls how much last?

isbish:
Many barely have a clue the extent to which this nation was eaten to bare bones via corruption from the immediate past. Believe me or not, if the facts are opened for you, u may faint if u aren't strong minded. If Dizieni is said to be critically ill for once after all these her years of tyranically and oligarchical rule in the NNPC, u had imagine she knows what she has done and is too jittery to face the law. I wish her quick recovery so she can come back home to account for her gross detestable mismanagement and alleged but obviously factual act of wanton and blatant embezzlement of our collective wealth.

kennyman2000:
if only we can introduce capital punishment.

abuayman:
Different figures from different angles.
Only God knows the amount of Dollars that was stolen from this country within the last 8yrs.

Allah ya isa!

themilanway:
I hope Barcanista is noting this figures down and book marking these pages,if he indeed is"patriotic,the most intelligent and smartest political anaylst on Nairaland"as his gullible and dumb followers will make him believe.

The kind of figures been mention missing/stolen in NNPC is outrageous.It makes me the dig up that eye opener by Soludo in which he challenged our world and renowned economist,madam NOI of course to a live debate to read again and again.

Of course do I expect anything different or new from him?I expect to call this lies and propanganda.

So much for being a"patriot".

Lubbish.

lolaxavier:
About 160 million barrels of crude oil, valued at $13.7bn were stolen under the watch of the Nigerian National Petroleum Corporation, the Nigerian Extractive Industries Transparency Initiative, NEITI has revealed.
The declaration was made by the Executive Secretary of the NEITI, Hajiya Zainab Shamsuna-Ahmed, on Wednesday, July 30, 2015 during his visit to Governor Nasir el-Rufai of Kaduna State at Sir Kashim Ibrahim Government House, Kaduna.