The Auditor-General’s latest annual report has traced some fraudulent expenditures running into trillions of naira in the Nigerian National Petroleum Corporation, NNPC.
Submitting the report Samuel Ukura revealed that the NNPC, for example, did not remit the sum of N3.2tr into the Federation Account in 2014.
The AGF said: “The examination of NNPC mandates to CBN on domestic crude oil sales and reconciliation statement of technical sub-committee showed that N3, 234,577,666,791.35 was not remitted to the Federation Account.”
“The review of the Nigeria Liquefied Natural Gas (NLNG) limited sales profile on Gas has shown that $235million was not paid to the Federation Account but transferred to some undisclosed Escrow accounts,” he stated.
He said the relevant documents were not made available for the verification of the said $235million.
Ukura said sales profile in respect of gas export due to the federation was stated to have been paid and received through the NLNG account.
However, he said: “No statements or documents were made available to confirm the receipts as well as the utilisation of these payments made through the named account.”
The Auditor General also said N36.4bn was released to the office of the former National Security Adviser, retired Colonel Sambo Dasuki, for the rehabilitation and construction of dams instead of to the Federal Ministry of Water Resources.
The sum of N2.9bn was spent on the procurement of hand sanitizers for schools and other public places in 2014, he said.
On the National Assembly, the report showed that N10.6bn payments were made without raising payment vouchers at the management department which violated financial regulation 601.
Other payments highlighted by the Auditor-General are N31.3bn spent on subsidy on fertilizer and youth employment in agricultural programmes and N2.4bn on Group Life Assurance Premium for the Armed Forces.
Also, he said, there was no evidence of accounting for the utilization of N5.2bn direct deductions from federal government shares in respect of one percent Police Reward Fund.
