THE Nigerian National Petroleum Corporation (NNPC) has debunked allegations of missing 48 million barrels of crude oil.
Group Managing Director ( GMD) of NNPC, Mele Kyari, represented by the Chief Finance Officer, Umar Ajiya, made the clarifications on Thursday while addressing members of National Assembly.
He said, “no ship leaves the country without clearance from the appropriate unit of the Nigerian Navy and there is no way any ship with such alleged stolen crude can escape from the Nigeria shore .
”As far as the NNPC is concerned, no barrel of crude oil is missing as falsely alleged and very ready to be investigated over it inform of commissioning of a forensic audit by the national assembly at its own cost.
”Proposals such as our revenue projections, cost of operations are well stated in all MTEF/FSP documents made available to the national assembly for consideration and approval, the basis upon which the nation’s budget is passed and signed into law, meaning that it is you ( national assembly) that approves our yearly budget.”
Chairman of the joint Committee, Sen. Solomon Adeola ( APC Lagos- West) had raised the issues at an interactive session organised by the Senate Joint Committee on Finance and National Planning on 2021 – 2023 Medium Term Expenditure Frame work and Fiscal Strategy Paper ( FSP).