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Reps summon NNPC GMD, 18 subsidiary heads over unremitted N663bn

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Group Managing Director of NNPC, Mele Kyari

The House of Representatives Committee on Public Accounts has summoned the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kyari, and accounting officers of 18 subsidiaries of the NNPC over allegations of non-rendition of audited accounts between 2014 and 2019.

The audit queries issued by the office of the Auditor General of the Federation, over N663.89 billion was not remitted by the NNPC into the Federation Account in 2019.

The report further showed that while NNPC Upstream arm of National Petroleum Investment Management Services (NAPIMS) claimed to transfer the sum of N1.27 trillion into the Federation Account, the audit report revealed that NNPC remitted the sum of N608.71 billion.

The OAuGF report observed that the sum of N519,922,433,918.46 was transferred to the Federation Account by the NNPC based on transfer mandates.

Consequently,  OAuGF requested the “reconciliation statement for the difference of N88,787,862,853.96 between AGF’s figure of N608,710,296,772.42 and NNPC’s figure per transfer mandate of N519,922,433,918.46.”

The audit report further observed that 107,239,436.00 barrels of crude oil were lifted as domestic crude, while the allocation of crude oil to refineries for a billing date of 9th January to 29th May 2019 was 2,764,267.00 bbls valued at N55,891,009,960.63.”

It stated: “Information on Sale of Un-utilized crude oil by Refineries for 2019 was not provided, and Information on crude oil allocations from 30th May to 31st December 2019 was not provided for scrutiny.”

While alleging possible diversion of domestic crude, diversion of sale of un-utilised crude as well as possible loss of Federation Account revenue, the report said the management of the NNPC failed to respond to the audit query.

Auditor General also alleged that NNPC spent US$6.410 million, (=N1.955 trillion at N305/US$1) to fund Joint Venture Cash Calls (JVCC) and other federally funded upstream projects such as Gas Infrastructure Development, Brass LNG, Crude Oil PreExport Inspection Agency Expenses, Frontier Exploration Services, EGTL Operating Expenses and NESS Fee and another N55.157 billion on Pipeline Security and Maintenance without first paying the money into the Federation Account.

The invitation to the NNPC Group Managing Director was signed by the Chairman, House Committee on Public Accounts, Hon. Oluwole Oke via a letter titled: ‘Re-Consideration of Auditor General of the Federation annual report for 2019 financial year,” with Reference No: HR/PAC/SCO5/9NASS/QUE.40/43 was dates 1st April, 2022.

“I refer to your appearance before this Committee on Tuesday, March 29, 2022, on the above subject matter and the Committee’s resolution to request that you come along to the next session with the Chief Accounting Officers of all NNPC Subsidiaries.

“A new date has been fixed for your appearance. You are to cause appearance before the Committee on Thursday 7th April, 2022 at 11:00am in Meeting Room 446, House of Representatives’ New Building.

“This is to inform you that the Committee does not allow representation, you are to appear in person to defend your accounts laid before the Parliament.

“You are to come along with Officers who are familiar with the issues at stake and may assist you to provide answers to any question that could arise during the Session,” the letter read in part.

Some of the NNPC subsidiaries are; Nigeria Petroleum Development Corporation Limited; Kaduna Refinery & Petrochemical Company; Pipeline & Products Marketing Company Limited; Duke Oil Company Inc.; West Africa Gas Limited; Nidas Marine Limited Nigeria Liquified Natural Gas (NLNG); Hayson (Nigeria) Limited and Nigeria Gas Company.

Others include: National Engineering & Technology Company; National Petroleum & Exchanges; NNPC Pensioner Limited; Warri Refinery PetroChemical Company; Port Harcourt Refinery Company; NNPC Retail Limited; Integrated Data Service Limited; National Petroleum Investment & Management Services (NAPIMS) and Petroleum Product Pricing Regulatory Agency (PPPRA) now NUPRC.

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NNPC to inject fresh N1tn into road projects

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The Nigerian National Petroleum Company Limited is to provide additional N1tn for road projects in Nigeria, NNPC Group Chief Executive, Mele Kyari, has said.

Kyari, in a video clip seen in Abuja, disclosed this on Thursday during a tour of the ongoing construction work on the Agbara-Badagry road, Lagos.

He said the N1tn would come through the Federal Government road infrastructure tax credit scheme.

He said, “We are very happy about the state of this road development. We are very happy with this intervention across the country not just in this place. We are doing 1,800km across the country. We are taking another set of over N1tn of investments in road infrastructure in the country.

“We believe that this tax credit system which Mr. President has put in place is the game changer for our country.

“We believe that in the next 24 months, there will be massive change to the entire road network in this country and this is why the NNPC is your company and working for all of us.

“We think that it is the best way to intervene and bring up our infrastructure. We are adding another set of cash, we have not reached the final numbers, but I know it is over N1tn.”

According to a Punch report, the NNPC in the third quarter of 2021 announced its intention to provide funds for the reconstruction of selected road projects in order to ease the movement of petroleum products.

This was executed under the tax credit scheme that was funded by the NNPC through the Federal Inland Revenue Service in accordance with the President’s executive order 007.

The construction exercise was under the management of the Federal Ministry of Works and Housing, as the NNPC provided funds for the construction of 1,804.6km of roads at a cost of N621,24bn.

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Military under pressure to compromise elections, says CDS Irabor

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Chief of Defence Staff, General Lucky Irabor, has disclosed that the security agencies and the military have been under pressure to compromise general elections through financial inducement.

He however assured Nigerians that the military would maintain neutrality in the whole electoral process.

He spoke at the weekly ministerial press briefing on Thursday in Abuja and gave updates on strides made by the military in the fight against insurgency, terrorism and banditry.

He stated that military personnel were being trained to follow the codified rules of engagement before, during and after the elections.

The CDS disclosed that over 300,000 persons had been freed from the hands of abductors since 2016 while refugees who fled the North-East owing to insurgency were already returning.

General Irabor who admitted there were few sabotaurs within the military asserted that they had not succeeded.

He debunked a recent allegation by an international news media which accused the military of carrying out over 10,000 illegal abortions on female victims of the war in the North-East.

According to him, it is impossible for the military to have been engaged in a planned abortion programme since 2013 and as the military commander in charge of Operation Lafia Dole between 2016 and 2017, he never heard of any such thing.

The CDS also revisited the alleged Lekki tollgate massacre in 2020, insisting that the Nigerian military is not interested in killing its own people, but more concerned about protecting the citizens.

He added that the efforts of the military in the fight against crude oil theft had been yielding positive results with the increase in the crude oil production of 1.6 million barrels per day.

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FG recovers N120bn from crime proceeds —Lai Mohammed

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Minister of Information and Culture, Alhaji Lai Mohammed

The Federal Government has said it had realised at least N120 billion as proceeds from criminal financial operations since the bill on Proceeds of Crime Recovery Management was signed into law earlier this year by President Muhammadu Buhari.

Minister of Information, Alhaji Lai Mohammed, made the disclosure at a news briefing where Minister of Environment presented the scorecard of the ministry under the Buhari administration in Abuja, yesterday.

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Mohammed said:  “I have an update on the Proceeds of Crime (Recovery and Management) Act (POCA), 2022. In line with the new law, all relevant agencies of government have now opened ‘Confiscated and Forfeiture Properties Account with the Central Bank of Nigeria, CBN.

“I can confirm that so far, the Federal Government has realised over N120 billion, among other currencies, from POCA. This money will be used to fund the completion of ongoing critical infrastructure projects in the country such as the Second Niger Bridge as well as Lagos-Ibadan and Abuja-Kano Expressways. We will continue to update you on this,” he added.

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