The CBN boss told the Senator Ahmed
Makarfi-led committee that certain level of reconciliation had been
achieved from the meetings the bank had with the NNPC and other relevant
agencies since the allegation of the unremitted funds became a public
issue.
He said, “The NNPC did a presentation.
We had all agreed that $14bn out of the $67bn they shipped came in to
the dollar account of the federation.
“We have looked at the Federal Inland
Revenue Service numbers and we have confirmed that $16bn paid by the
International Oil Companies to the FIRS account was not paid by the NNPC
but paid by the IOCs.
“It was the proceeds of the crude lifted
in the name of the NNPC but sold on behalf of the FIRS. That $16bn had
been confirmed by the FIRS and accepted. There is the $1.6bn that the
Department of Petroleum Resources also received from the IOCs, which is
part of that crude and which the CBN has accepted.
“We have provided evidence in the naira
crude account that out of the $28bn domestic crude shipped by the NNPC,
it had repatriated $16bn. Out of the $67bn that has accrued to the NNPC
account, we have accounted for $47bn.
“That is, out of the $67bn that the NNPC
shipped, $47bn had been repatriated to the CBN. What we are talking
about is the balance of $20bn and what explanations had been given.”
Sanusi told the committee that the NNPC
had said some of the proceeds from the crude sale did not belong to the
Federation Account, but noted that it was established during the
reconciliation meetings that some of the crude shipped by the Nigerian
Petroleum Development Company was from oil wells belonging to the
federation.
He also accused the NNPC of transferring revenues that should go to the Federation Account for remittance.
But the Group Managing Director, NNPC, Mr. Andrew Yakubu, told journalists
after the meeting that the corporation was still reconciling its
accounts and that it was currently at the point of conclusion of the
reconciliation process with the various agencies.
Culled from Punch
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