NNPC Limited

The Nigerian National Petroleum Company (NNPC) Limited says it did not export 17.877 million barrels of crude oil without proper documentation from 2016 to ...

“The auditor-general’s report in reference did mention 32 oil marketing companies involved in the non-completion of the NXP forms but that does not in any way mean that the proceeds from the sale of the said crude were not repatriated into the coffers of NNPC Limited and consequently into the federation accounts for federation related barrels. He added that the issue did not affect repatriation of sales proceeds to the national oil company and subsequently, the federal accounts, for the period in question. [Nigerian National Petroleum Company](https://nnpcgroup.com/) (NNPC) Limited says it did not export 17.877 million barrels of crude oil without proper documentation from 2016 to 2020.

Some online publication, (Not THE WHISTLER) had claimed in a news report that the NNPC exported 17.877 million barrels of crude oil without proper documentation ...

“Federal Ministry of Finance, Budget and National Planning (FMFBNP) is responsible for appointment of Pre-shipment Inspection Agents and Monitoring Agents and not NNPC Limited as claimed. But reacting to the development, the National Oil Company stated that the Office of the Auditor General for the Federation had undertaken a Performance Audit on Pre-shipment Inspection and Monitoring of Crude Oil and Gas Exports with the Federal Ministry of Finance, Budget and National Planning (FMFBNP) as the agency of government being audited and not NNPC Limited. The NNPC said in it’s reaction that it was neither a party to the audit of the Federal Ministry of Finance, Budget and National Planning (FMFBNP) nor given any privilege of fair hearing before the audit report was forwarded to the National Assembly. It stated further, “That available records with NNPC Limited confirm that all liftings by NNPC Limited were documented, and the export proceeds fully reported to the Federation Account. The publication had claimed that the NNPC was indicted based on an Audit Report from the Office of the Auditor-General for the Federation. It was claimed in the Report that the product valued at $1,020,969,281.12 was exported by NNPC between 2016 and 2020.

The Nigerian National Petroleum Company (NNPC) Limited has reacted to a report that 17.877 million barrels of crude oil were exported without proper ...

The statement read, “Our attention has been drawn to an online publication, alleging that NNPC Limited exported 17.877 million barrels of crude oil without proper documentation in four years (2016 to 2020). The Nigerian National Petroleum Company (NNPC) Limited has reacted to a report that 17.877 million barrels of crude oil were exported without proper documentation from 2016 to 2020, describing it as malicious, misleading, and untrue. A report, quoting the former auditor-general of the federation (AuGF), had accused some exporters of shipping crude oil without completing the required Nigeria export proceeds (NXP) forms.