The Nigerian upper legislative chamber has uncovered huge financial discrepancies in Nigeria’s oil export records.
The discrepancies was uncovered by a consultant’s report to the senate committee under the chairmanship of senator Ned Nwoko who disclosed this while briefing members on the outcome of the report on Wednesday.
The report according to senator Nwoko revealed that a cumulative sum of 81billion dollars shortfall was uncovered between crude oil proceed declared by the NNPC and the DPR between 2016-2017 from what was actually received by the central bank of Nigeria.
While briefing members on other outcomes of the consultant’s report, Senator Nwoko also declared that a total sum averaging 300billion dollars was lost by the country due to crude oil theft in the Niger Delta area of the country.
Meanwhile, the senate in its resolution on the outcome of the report has called on the consultant to take further steps in revealing the identities of individuals involved in the various acts to enable appropriate action taken against such persons in what members of the upper legislative chamber say must not be allowed to be swept under the carpet to serve as a warning to individuals who may want to undermine ongoing reforms in the nation’s oil and gas sector under the current administration of president bola ahmed tinubu.
