After Sanusi Claims, SENATE Committee Declares Money Not Missing
The Senate have finally revealed that the $49
billion oil revenue was not missing but where
un-remitted funds which will soon be put back
into the Federal Account.
Former governor of Central Bank of Nigeria, CBN,
Mallam Sanusi Lamido Sanusi, now the Emir of
Kano
, had claimed that the money was missing,
and the Senate then set up a committee led by
Senator Ahmed Makarfi to probe the accusation.
In the committee’s report, the Senate rejected
the notion that the money was gone, and also
lamented on the FG’s plan to take away subsidy
on petroleum products, saying it would be
horrible for the common man.
The Senate also told its finance committee to
find and study the audit reports from the Auditor
General and report back immediately.
SURE-P funds
In a 21-point recommendation, the Senate asked
the NPDC, a subsidiary of the NNPC: “to remit to
the Federation Account $447.8 million being
balance of royalty and petroleum profit tax.”
“NNPC should refund and remit to the Federation
Account $262 million being expenses it could not
satisfactorily defend in respect of Holding
Strategic Stock Reserve; Pipeline Maintenance
and Management Cost and Capital Expenditure.”
“The President should prepare and present to
the National Assembly supplementary budget to
cover the expenditure in the sum of N90.693
billion ($585 million) for PMS subsidy for 2012
and N685.910 billion ($4.430 billion) for kerosene
subsidy expended without appropriation by the
National Assembly in 2012 and 2013.
“The Senate should, however, note that the
proportionate expenditure (January 2012 to July
2013) was N813.8 billion ($5.254 billion) for PMS,
while DPK was N486.57 billion ($3.512 billion). “It is
for the National Assembly to approve or not
approve such request or take any other
measures it deems necessary.”
The Senate committee demanded the NNPC
should not use funds from the Federation funds
without appropriation by the National Assembly.
The Senate also described the poor work attitude
and poor record keeping of NNPC workers who
did not render returns on subsidy claims, monthly
since 2012.
So what do you think of Sanusi’s accusation now?
Was he just trying to boost his political career?
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created at 2014-07-11 10:38
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