The 2016 audit report of the Public Accounts Committee of the Senate was on Wednesday adopted during the plenary.
The committee chaired by Senator Mathew Uroghide, focused on the 2016 Auditor-General’s reports, in which a number of government ministries, departments and parastatals were indicted.
In the report sighted by DAILY POST on Wednesday, 37 MDAs were issued queries by the Office of the Auditor-General of the federation.
Also 47 others which were earlier queried have their queries vacated by the panel after they have satisfactorily explained.
MDAs indicted are the Nigerian National Petroleum Company Limited (NNPCL), over alleged failure to provide details of crude Oil delivered to Warri, Kaduna Refineries worth about $376,655,589 (N102.6 billion) in the audited year .
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 (WRPC) 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; with a total sales values of $376, 655,589 (N102.6 billion) was stated to have been lifted jointly by these two companies.
The report pointed out that NNPL failed to meet the global standard in the management accounting of the multi-million dollar revenue which it said was deliberate to make it difficult to reconcile and account for each lifting.
Having upheld the recommendation, the Senate on Tuesday asked the Group Managing Director of NNPC, Mele Kyari to ensure specific details of crude delivered to the two refineries for audit.
