Monday 4 May 2015

NNPC AUDIT IGNORED N296BN CONDENSATE MARKET – EXPERTS

Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke and IledareAs reactions continue to trail the release of the full audit report of the Nigerian National Petroleum Corporation, industry experts have said a thorough audit of the process and operations of the NNPC needs to be carried out as the audit failed to show that revenue from condensates was accounted for.
 
The final report on the forensic audit into allegations of unremitted funds into the Federation Account by the NNPC made no clear mention of the amount the nation generated from condensates between January 2012 and July 2013, the review period.
 

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