Crude Oil: Auditor-General alleges NNPC exported $1bn of crude without records in 4 years

The Auditor General of the Federation has alleged that the Nigerian National Petroleum Company (NNPC) Limited exported 17.877 million barrels of crude without proper documentation in four years.

In a report published on its website, the AGF revealed that a product valued at over $ 1 trillion dollars was exported by NNPC between 2016 and 2020.

He also faulted the NNPC for appointing two Pre-Shipment Agents and one Monitoring and Evaluation Agent in 2017 knowing fully well that President Muhammadu Buhari had canceled the appointments of all service providers two years earlier.

The Office of the Accountant-General of the Federation was also indicted for making payments of N73 billion to PIAs and MEAs for inspection and monitoring of oil and gas exports.