20 Forensic Auditors Assigned To Uncover NNPC’s Missing $20 Billion

GMD, NNPC

Twenty auditors trained in gas and oil auditing were examining the accounts of the Nigerian National Petroleum Corporation (NNPC) to try and uncover the missing $20 billion.

The Auditor General for the Federation (AGF), Mr. Samuel Ukura on Thursday said: “We had a budget of N60 million for training and we were able to train 20 officers who are presently on the field auditing the accounts of the NNPC,” he said.

The AGF spoke when he appeared before the House of Representatives Committee on Public Accounts in Abuja to defend the 2013 and 2014 budgets that .

The forensic auditing became necessary following the conflicting figures in the actual missing oil fund.

Former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, had alleged in a letter to the Presidency that $48.9 billion but later recanted while reconciliation attempts between the apex bank and the Finance Ministry failed to agree on the figure.

The AGF also said that his office mopped up about N100 million unspent funds for the purchase of vehicles for his office and that the contractors, Innoson Motors, failed to supply the vehicles as at Dec. 31, 2013.

He said that the Bureau of Public Procurement (BPP) had issued his office with a “Letter of No Objection”, directing him to award the said contract for the purchase of vehicles to Innoson Motors.

According to him, since the vehicles were not supplied, no money was paid for them, adding that the Auditor-General said that his office was only able to buy five Toyota Hilux pick-up vans and one Prado jeep.

He said this was done at the cost of N49.9 million out of the N180 million initially earmarked for the purchase of vehicles.

On the performance of the 2013 budget, Ukura told the committee that the recurrent budget was implemented 100 per cent while the capital budget was implemented only 57.7 per cent, amounting to N374.157 million.

In a remark, the Chairman of the committee, Rep. Solomon Adeola (APC- Lagos), directed the AGF to submit all payment vouchers and receipts of payments and contracts awarded by his office.

He said the AGF should again appear before the committee on Tuesday, March 4 to defend the 2014 budget.

The committee also summoned the Director- General of the BPP, Mr Emeka Eze, to appear before it on Tuesday to shed light on the vehicle purchase.