The Senate on Tuesday vowed to probe all parties in the alleged financial misdeeds discovered in the nation’s 2014 audit report and recommend appropriate sanctions for erring agencies, departments and parastatals of government.
Specifically, it is to investigate the Nigerian National Petroleum Corporation (NNPC) for alleged failure to remit N3, 234,577,666,791.35 trillion domestic crude oil receipts to the Federation Account.
The Auditor General of the Federation, Samuel Ukura, had on Monday presented the report where the national oil agency was indicted.
“From the examination of NNPC mandates to CBN on Domestic Crude Oil Sales and Reconciliation statement of the technical sub-committee of the Federation Allocation Account Committee meeting held in January, 2014, amount not remitted to FAAC was N3,234,577,666 791.35,” the report read in part.
According to the document, some $235,685,861.31, representing money realized from gas sale, was diverted from the escrow account.
Addressing reporters yesterday in Abuja, Senate spokesman, Aliu Saabi Abdullahi, said the queries against various government agencies, particularly the Nigerian National Petroleum Corporation (NNPC) on alleged mismanagement of national revenues, were too grave to be overlooked.
According to him, the Public Accounts committees of the two chambers of the National Assembly will soon swing into action by investigating the accounts of agencies concerned, for the purposes of establishing facts inherent in the queries and recommending appropriate sanctions against affected agencies and public officers.