NNPC Audit Report: Former GMD Clarifies Missing ₦210 Trillion
Former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has addressed concerns raised by lawmakers regarding the missing ₦210 trillion from the corporation's accounts.
During a recent interaction with lawmakers, Baru confirmed that the widely circulated notion of the ₦210 trillion being misplaced or lost is inaccurate. He stated, "The issue of ₦210 trillion that is misconstrued in the reports as having been lost; I have confirmed at this moment that nothing is lost. It's simply not possible under my care and under my leadership for that to happen, but it did not happen."
Baru's clarification comes amidst ongoing investigations by the National Assembly into the NNPC's financial activities. The GMD emphasized that the ₦210 trillion in question is a result of a complex calculation involving multiple transactions and is not a direct loss from the corporation's coffers.
The Nigerian National Petroleum Corporation (NNPC) is a crucial player in Nigeria's oil sector, playing a vital role in the nation's economic growth and development. The ongoing probe aims to shed light on the corporation's financial operations and ensure transparency amidst public concerns.
Dr. Baru further assured lawmakers that the NNPC is committed to enhancing its transparency and accountability measures. He pledged that the corporation will cooperate fully with the ongoing investigation and provide all necessary information to demonstrate its financial integrity.
The NNPC audit report, which is currently under scrutiny, is expected to provide insights into the corporation's financial activities and address concerns raised by the public and lawmakers alike.
The Nigerian National Petroleum Corporation is a vital component of Nigeria's economy, contributing significantly to the country's growth and development. The ongoing investigation aims to ensure transparency amidst public concerns and strengthen the corporation's reputation.
Nigeria's Oil Sector: Stakeholders Seek Clarity
- Dr. Maikanti Baru, ex-GMD of NNPC, addresses the missing ₦210 trillion issue.
- NNPC aims to improve transparency and financial accountability.
- Audit report under scrutiny to clarify corporation's financial activities.
The clarification by Dr. Baru comes amidst ongoing concerns in Nigeria about the nation's oil sector and the need for increased transparency from key stakeholders.
The clarification by Dr. Baru addresses the concerns regarding the ₦210 trillion missing issue and highlights the corporation's commitment to enhancing transparency and financial accountability.
The ongoing scrutiny of the NNPC audit report aims to provide clarity on the corporation's financial activities, addressing the concerns raised by the public and lawmakers alike.
<small>Source: Premium Times Nigeria — read the original story there.</small>
