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.

themomentng:
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.

And some zombies will be deceiving themselves that APC has plans & will hand over power to other set of criminals?

No honor amongst politicians in the country of the fantastically corrupt.

Band of super looters in government. I said it the crude oil theft are being perpetuated by the NNPC, Security agencies, Minister of Petroleum and the FG.

That secor is built in scam. Nigerians are just suffering for nothing. While other oil exporting counties made real good of their oil proceeds, the reverse is the case here.

Racoon:
Band of super looters in government. I said it the crude oil theft are being perpetuated by the NNPC, Security agencies, Minister of Petroleum and the FG.

Pray you or someone who has you in mind gets there, all this wailing na wash wash, keep deceiving yourself with Judas Peter Obi.

Empty treasury em papa leave for there.

Eriokanmi:
That secor is built in scam. Nigerians are just suffering for nothing. While other oil exporting counties made real good of their oil proceeds, the reverse is the case here.

Nation of people that don’t want to sacrifice, remove subsidy they no gree, the suffering will continue.

With all these negative news everywhere, someone will still campaign for this party, APC

We deserve better
God bless Nigeria

sapele914:
Nation of people that don’t want to sacrifice, remove subsidy they no gree, the suffering will continue.

So, you believe there's subsidy? Lol

Subsidy is a scam. It doesn't exist. America sells almost same price as we sell petrol per litre today. Who is deceiving who?

When they increased petrol price to 145 naira a liter, what did they tell Nigerians about subsidy? Google will give you the details. Later they still said they were still paying subsidy. Privatise nnpc and the rot will be over.

I remember nitel in those days. Without privatisation of the sector, people like you wouldn't have had access to telecomms today . David Mark, the then minister of telecommunication said nitel wasn't meant for the poor. You've got to have enough money to own a nitel line in those days. Privatise nnpc, our refineries, give licence to people to build their own refineries...not the kind of selective issuance of modular refinery licence as seen today and see petrol flow like water at ridiculously low prices. The fed govt should own a fraction if it and act as a regulator.

Why do so many ppl away from asking the most pertinent question, Who is the Minister of Petroleum? He is the one responsible for all the thievery in the oil sector

Eriokanmi:
So, you believe there's subsidy? Lol

Subsidy is a scam. It doesn't exist. America sells almost same price as we sell petrol per litre today. Who is deceiving who?

When they increased petrol price to 145 naira a liter, what did they tell Nigerians about subsidy? Google will give you the details. Later they still said they were still paying subsidy. Privatise nnpc and the rot will be over.

I remember nitel days hjse days. Without privatisation of the sector, people like you wouldn't have had access to telecomms today . David Mark, the then minister of telecommunication said nitel wasn't meant foe the poor. You've got to have enough money to owm a nitel line in thhse days. Privatise nnpc l, our refineries, give licence to people to build their own refineries amd see petrol flow like water at ridiculously low prices

This is how you know mumus, if there is no subsidy, how come petrol is sold at a uniform price through out the Federal Republic of Nigeria, who is paying for the price to be uniformed through out the federation, baring in mind that same product is 40% more expensive just across the country’s borders?

Not so in the United States, a highly deregulated market, prices differ from state to state, even county to county?

Even back in the days when I worked for BP in Reynoldsburg Ohio, we used our rivals prices across street ConocoPhillips & Shell to set ours.

Please keep quiet, you know nothing, we are speaking from first hand experience, not them tell me.

Incompetence, nepotism and corruption walk hand-in-hand.
Corrupt government.

alpharoyalty:
Incompetence, nepotism and corruption walk hand-in-hand.
Corrupt government.

Corrupt nation of people, Pot calling electric kettle black, if you or your people reach there for just 3 months interim only, Empty Treasury na em their successors go meet for there.

sapele914:
This is how you know mumus, if there is no subsidy, how come petrol is sold at a uniform price through out the Federal Republic of Nigeria, who is paying for the price to be uniformed through out the federation, 40% more expensive just across the country’s borders?

Not so in the United States, a highly deregulated market, prices differ from state to state, even county to county?

Please keep quiet, you know nothing, we are speaking from first hand experience, not them tell me.

Hmmm. Uniform prices my foot. There are lots of people in thhs government who feed fat from the scan they call subsidy. You just heard the truth from the auditor-general about the nnpc situation. I remember Nadabo energy, owmed by a known person. He was found culpable in that scam. There are several companies also colluding with nnpc today on this scam. You must be living in a dungeon to say prices are uniform across Nigeria. Even here in lagos, prices per liter isn't same again. Some sell 250, NNPC sells a but less than 170, while major marketers sell btw 270 and 172 respectively. What's the highest price per liter of gas in the US? Convert it to naira and compare it to how much they sell here , let's see.

The solutions to this scam.is simple. Privatise Nnpc like they did telecoms sector, issue licences to.private firms to build refineries with the fed govt acting as a regulator. Had nitel remained nitel today, you'd not have had the opportunity to by typing trash from your phone today.

Oooh, you're the poor student of econs I tackled yesterday? No.more comments

Eriokanmi:
Hmmm. Uniform prices my foot. There are lots of people in thhs government who feed fat from the scan they call subsidy. You just heard the truth from the auditor-general about the nnpc situation. I remember Nadabo energy, owmed by a known person. He was found culpable in that scam. There are several companies also colluding with nnpc today on this scam. You must be living in a dungeon to say prices are uniform across Nigeria. Even here in lagos, prices per liter isn't same again. Some sell 250, NNPC sells a but less than 170, while major marketers sell btw 270 and 172 respectively. The solution to this scam.is simple. Privatise Nnpc like they did telecoms sector, issue licences to.private firms to build refineries with the fed govt acting as a regulator. Had nitel remained nitel today, you'd not have had the opportunity to by typing trash from your phone today.

Oooh, you're the poor student of econs I tackled yesterday? No.more comments

No time to reply this thrash, is it not this same Auditor General that EFCC accused their Oga of pilfering 74 billion Naira last year?

Keep deceiving yourself in the country of the fantastically corrupt.

Hypocrites everywhere.

Buhari is fighting kworoption

Karlovych:
Buhari is fighting kworoption

Many people on this thread that are here cursing others, their parents are the same people in Federal & State Ministries looting the country & states dry.

sapele914:
No time to reply this thrash, is it not this same Auditor General that their Oga carried 74 billion Naira?

Keep deceiving yourself in the country of the fantastically corrupt.

Hypocrites everywhere.

Guy, would you just stop exposing your illiteracy here? It's the accountant-general who stole billions not auditor-general. See how poor you are in econs?

Eriokanmi:
Guy, would you just stop exposing your illiteracy here? It's the accountant-general who stole billions not auditor-general. See how poor you are in econs?

Ok it was the Accountant General of Nigeria that carried the 74 billion Naira?

Country of the fantastically corrupt, I wonder wetin your papa go do if he gets the chance to even be a messenger carrying file from office to office in the ministry?

Yet they will tell us we are poor and need to borrow to build infrastructure...
May it never be well with corrupt Nigerian leaders!

And the lifeless bone is the minister of petroleum