Home Oil & Gas Senate indicts NNPCL over poor record-keeping of N102bn crude oil deliveries

Senate indicts NNPCL over poor record-keeping of N102bn crude oil deliveries

Senate -lagospost.ng
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On Wednesday, the Senate indicted Nigeria National Petroleum Company Limited, NNPCL, for poor record-keeping of crude oil deliveries to Warri Refinery and Petrochemical Company and Kaduna Refinery and Petrochemical Company worth $376, 655,589 (N102.6bn).

The 2016 Auditor General report, which Senator Mathew Uhroghide produced and delivered, and which was approved by the Senate Chamber at the plenary session, served as the basis for the indictment.

Some of the 35 other indicted agencies are the Office of Accountant General of the Federation; National Population Commission; National Agency for the Control of Aids; FCT Area Council Service Commission; Ministry of Defence; Ministry of Justice; National Drug Law Enforcement Agency, etc.

The query reads: “From the review and examination of domestic crude oil lifting sales profile presented for audit verification, it was noted that several deliveries were stated to be jointly lifted by or delivered to Warri Refinery and Petrochemical Company and Kaduna Refinery and Petrochemical Company without necessary details or breakdown of what was delivered to respective companies.

“From the examination carried out, a total oil lifting of 8,399,017 bbls with a total sales value of $376,655,589 (N102.6 bn) was stated to have been lifted jointly by these two companies.”

According to the Senate, the failure to properly separate the deliveries and charge directly to each company makes it difficult to reconcile and account for each lifting.

As a result, the Senate maintained the committee’s proposal and instructed NNPC’s Group Managing Director, Mele Kyari, to ensure particular information of crude transported to the two refineries for audit.

In addition, Senate upheld the indictment of 37 MDAs for violation of financial procedure in the country.

The upper chamber also resolved to submit the report of the indictment to the Office of Secretary to the Government of Federation for further action.

The lawmakers also considered a bill that will enforce the implementation of the outcome of the auditor general report submitted to the National Assembly for consideration.

The deliveries of crude oil from Escravos Terminal for the operation of Warri Refinery and Petrochemical Company and Kaduna Refinery and Petrochemical Company are channelled directly into the WRPC facility.

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