The report said some transactions were not supported by "evidence of authorisation and approvals before the deductions were made."

allAfrica

South Africa

Nigeria: Audit Report Indicts NNPCL of Diverting N514 Billion

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Amadou Mahtar Ba

The Office of Auditor-General for the Federation has uncovered at least four major financial infractions amounting to N514bn in the operations of the Nigerian National Petroleum Company Limited for the financial year ending December 31, 2021. The alleged infractions include irregular deductions worth N343.64bn from domestic crude sales at source, warehousing of N83.66bn from the

Punch Newspapers

OAGF indicts NNPCL in N514bn transactions

The audit report details regulatory failures as well as disregard for due process and accountability standards. The post Two Nigerian petroleum regulators failed to account for N313 billion – Audit report appeared first on Premium Times Nigeria.

Premium Times Nigeria

Abuja

Municipal Area Coun

Federal Capital Territory

Nigeria

Two Nigerian petroleum regulators failed to account for N313 billion - Audit report

An audit report has revealed several unauthorized transactions the NNPC carried out including an N82.95 billion purportedly spent on refineries rehabilitation

Legit.ng - Nigeria news.

Ikeja

Lagos

NNPC in financial mess as auditor-general uncovers N514bn unaccounted funds

The Office of Auditor-General of the Federation has uncovered N514bn alleged fraud in the operations of the Nigerian National Petroleum Company (NNPC) Limited for the financial year ending December 31, 2021. The alleged infractions include irregular deductions worth N343.64bn from domestic crude sales at source, warehousing of N83.66bn from the federation’s miscellaneous income in a […] The post Auditor-General’s office indicts NNPC in N514bn ‘f…

Business Hallmark

Auditor-General’s office indicts NNPC in N514bn ‘fraud’ - Business Hallmark

NNPC Faces Scrutiny Over N514bn Transactions The Office of Auditor-General for the Federation has exposed significant financial irregularities in the Nigerian National Petroleum Company Limiteds opera

theafrica.co.za

Nnpc Faces Scrutiny Over N514bn Transactions : The Africa

A report from the Auditor-General of the Federation (OAuGF) has implicated the Nigerian National Petroleum Corporation (NNPC), now a limited read more Auditor-general’s report implicates NNPC in N514bn fund diversion

Nnu.ng - Nigeria News Update.

Auditor-general’s report implicates NNPC in N514bn fund diversion

Nigeria’s Office of the Auditor-General for the Federation has uncovered a minimum of four financial infractions amounting to N514 billion in the operations of the Nigerian National Petroleum Company Limited, NNPCL, in the 2021 financial year. This was disclosed in an audit report of non-compliance/internal control weaknesses in the MDAs for the 2021 financial year, [...]

mediatalkafrica.com

Audit report uncovers N515bn infractions in NNPCL transactions – Media

The Nigerian National Petroleum Company Limited (NNPCL) has been accused of financial irregularities, including unauthorised deductions and revenue diversion, in the 2021 annual report by the Auditor-General of the Federation. The 558-page report, submitted to the National Assembly in November 2024, raises serious concerns about the management of funds by the state-owned oil firm. One of the major allegations in the report is the unauthorised de…

mcebiscoo.com

BREAKING: NNPCL Indicted For Misappropriation Of Funds In Auditor-General's 2021 Report

The Auditor-General’s Office of the Federation discovered significant financial discrepancies totaling N514 billion in the NNPCL Operations for 2021 Finacial Year The  anomalies could be attributed to weaknesses in the internal control system at NNPC, now NNPC Ltd.  The NNPCL has yet to provide any response or justification for the irregularities raised by the Auditor-General’s […] The post NNPCL Faces Allegations of N514 Financial Mess appeared…

Nigeria: Audit Report Indicts NNPCL of Diverting N514 Billion

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