The Nigerian National Petroleum Corporation has failed to account for oil delivery to Warri and Kaduna refineries amounting to N102bn, according to a Senate report.
The Senate, using the 2016 audit report on Wednesday considered and adopted the report of its Committee on Public Accounts which probed the spending of government agencies.
The report, presented by Senator Matthew Urhoghide shows that in 2016, the NNPC delivered crude oil to Warri Refinery and Petrochemical Company (WRPC) and Kaduna Refinery and Petrochemical Company without details of the amount delivered to the two firms.
According to the report, a total oil sales value of $376, 655,589 (N102.6bn) was stated to have been lifted jointly by these two companies.
The report said: “The failure to properly separate these deliveries and charge directly to each company makes it difficult to reconcile and account for each lifting.”
“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 WRPC and Kaduna Refinery and Petrochemical Company without necessary details or breakdown of what was delivered to respective companies.”
The senate adopted the recommendation of a committee urging the head of the NNPC to provide specific details of crude delivered to the two refineries for audit.
