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Headline : Unaccounted N2trn assets: Reps demand external audit of NNPCL

Read more from the original article on here at dailypost.ng.




Tags : #unaccounted #n2trn #assets #reps #demand #external #audit #nnpcl


No. of Paragraph 20

The House of Representatives has demanded an external audit of the Nigerian National Petroleum Company Limited to uncover its unaccounted N2 trillion assets.

The House’s Ad Hoc Committee on the company’s assets and liabilities disclosed this in its report on Tuesday.

The Committee claimed that its findings showed that an asset worth $64 (about N28 trillion) billion was unveiled by the immediate past president Muhammadu Buhari, however, only $58.8 billion(N26 trillion) was transferred, leaving a balance of N2 trillion.

“From findings, an asset worth $64bn (about N28tn) was unveiled by Mr President (Buhari), but during transfer, only $58.8bn (N26tn at the official rate of N450 to $1) was transferred, leaving a balance of N2tn unaccounted. NNPCL should re-assess her accounting system,” it said.

Read more from the original article on here at dailypost.ng.


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