‘NNPC Did Not Export 17.87m barrels of Oil With out Documentation’

‘NNPC Did Not Export 17.87m barrels of Oil With out Documentation’


FIRS

The Nigerian Nationwide Petroleum Firm (NNPC) has denied the allegation that it exported 17.877 million barrels of crude oil with out correct documentation from 2016 to 2020.

A report, quoting the previous auditor-general of the federation (AuGF), had accused some exporters of transport crude oil with out finishing the required Nigeria export proceeds (NXP) types.

The AuGF was additionally stated to have faulted NNPC Restricted for appointing inspection brokers in 2017, in flagrant disregard of a previous directive by President Muhammadu Buhari.

Responding to the report in an announcement on Thursday, Garba Deen Muhammad, NNPC’s spokesperson, stated the claims had been ‘malicious’.

Additionally Learn: NNPC Prospects for Oil in North – Report

Muhammad stated the AuGF’s report talked about 32 oil advertising and marketing corporations concerned within the non-completion of NXP types.

He added that the problem didn’t have an effect on repatriation of gross sales proceeds to the nationwide oil firm and subsequently, the federal accounts, for the interval in query.

“Our consideration has been drawn to a web based publication, alleging that NNPC Restricted exported 17.877 million barrels of crude oil with out correct documentation in 4 years (2016 to 2020),” the assertion reads.

“The auditor-general’s report in reference did point out 32 oil advertising and marketing corporations concerned within the non-completion of the NXP types however that doesn’t in any means imply that the proceeds from the sale of the stated crude weren’t repatriated into the coffers of NNPC Restricted and consequently into the federation accounts for federation associated barrels.

“It also needs to be famous that NNPC Restricted doesn’t appoint inspection brokers as alleged, however reasonably, it’s the sole duty of the federal ministry of finance.

“Due to this fact, most of the people is suggested to ignore the stated malicious publication, and as an alternative, go to the related auditor-general’s web site to see the complete content material of the audit report, and be guided accordingly.”

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