The senate has probed the Nigerian National Petroleum Corporation Limited (NNPC) over its inability to provide details of the crude oil supplied to the Warri Refinery and Petrochemical company (WRPC) and the Kaduna Refinery and Petrochemical Company (KRPC) amounting to N102 billion.
The red chamber gave the verdict after considering the report of its committee on public accounts during the plenary on Wednesday, April 5.
The panel, in its report, sustained the queries issued against the NNPC as contained in the 2016 report of the Auditor General for the Federation (AuGF).
The document accused the NNPC of poor record keeping on the crude oil it lifted and supplied to the two refineries.
It explained that details of the breakdown of what was delivered to the two firms was worth $376,655,589 (N102.6 billion).
The AuGF 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 and delivered to WRPC and KRPC 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 billion barrels of petroleum products with a total sales value of $376,655,589 (N102.6 billion) was stated to have been lifted jointly by these two companies.
“The failure to properly separate these deliveries and charge directly to each company makes it difficult to reconcile and account for each lifting.”
Meanwhile, the senate, during the plenary, upheld the recommendation of its committee, and asked the group managing director of the NNPC, Mele Kyari, to ensure that the specific details of the crude are delivered to the two refineries for audit.
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