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Nothing like missing 48m barrels of Crude oil —NNPC


Nigerian National Petroleum Corporation ( NNPC) Thursday declared that the claim by online medium that 48 million barrels of crude oil was missing, is unfounded and total falsehood .

The Nation’s Oil Corporation challenge the National Assembly , to carry out a forensic audit on the outlandish claim at its own cost, if it so wishes just as it declared that the National Assembly approves the corporation budget on yearly basis .

Group Managing Director ( GMD), of NNPC, Mele Kyari represented by the Chief Finance Officer , Umar Ajiya , in his response, said there was no evidence in knocking off the claim than the fact that there were no records of ships that sailed out of the Nigerian waters with such contrabands and clearance from the Nigerian Navy and Directorate of Petroleum and Resources ( DPR).

” No ship leaves the country without clearance from the appropriate unit of the Nigerian Navy and there is no way any ship with such alleged stolen crude could escape from the Nigeria shore .

” As far as the NNPC is concerned , no barrel of crude oil is missing as falsely alleged and very ready to be investigated over it inform of commissioning of a forensic audit by the National Assembly at its own cost ” , he said .

The NNPC CFO also put it to the federal lawmakers that the yearly budget of the corporation is scrutinised and approved by them through consideration and passage of MTEF and FSP which contains revenue projections of the agency along with those of the other ones .

” Proposals such as our revenue projections , cost of operations are well stated in all MTEF/FSP documents made available to National Assembly for consideration and approval , the basis upon which the Nation’s budget is passed and signed into law ,meaning that it is you ( National Assembly) , that approves our yearly budget ” , he explained.

According to him, the current GMD of NNPC is a change agent and the corporation under him , has nothing to hide.

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