NNPC asks Buhari: Was $2.8bn oil money truly missing when you were petroleum minister?

culled from article

The Nigerian National Petroleum Corporation (NNPC) has denied Muhammadu Buhari’s allegation that the corporation keeps two accounts and asked the former head of state to confirm rumours that $2.8bn was missing when he was minister of petroleum in 1977

The Nigerian National Petroleum Corporation (NNPC) has denied Muhammadu Buhari’s allegation that the corporation keeps two accounts and asked the former head of state to confirm rumours that $2.8bn was missing when he was minister of petroleum in 1977.

Buhari, in his acceptance speech after being nominated the presidential candidate of the All Progressives Congress (APC) on Thursday, had said the NNPC maintains two different accounts ─ the one for the public and the other for insiders.

In a statement issued on Friday by Ohi Alegbe, NNPC’s group general manager for group public affairs, the corporation accused Buhari of peddling false information.

He said: “It is sad that General Buhari, one of the founding fathers of the NNPC who himself has tasted of the virulent but false allegations deliberately concocted to cast the Corporation and the public sector management of the nation’s oil and gas industry in bad light, would be the one to allege that NNPC runs two sets of account books ‘one for public consumption and another for insiders’.

“We consider General Buhari’s allegation in bad taste as it is nothing but a deliberate political mischief calculated to cast the Corporation in opprobrium all in a bid to shore up his political capital.

“We find it difficult to understand how a former Head of State who has also served as Minister of Petroleum Resources could believe that NNPC keeps two sets of account books to perpetrate fraud, knowing that NNPC is the most audited and scrutinized agency in the country.

“In the past one year alone, the Corporation has had its books scrutinized and audited by the Senate Committee on Finance and an external auditor, PriceWaterhouseCooper (PWC). Is it possible for the accounting discrepancies insinuated by General Buhari to escape the attention of such internationally acclaimed auditors? And in any case, why would an alleged fraudulent Corporation keep two sets of accounting books knowing that such could be used as evidence against it?

“We hereby state emphatically that NNPC neither keeps two sets of account books nor is aware of the existence of such as the Corporation is run in line with international best practice.”

In 1977, the military head of state, Lt. Gen. Olusegun Obasanjo, set up a crude oil sales tribunal to investigate the operations of the Nigerian National Oil Company (NNOC, which metamorphosed into NNPC same year).

The tribunal found out that in three years, NNOC had failed to collect its equity share of oil produced by Shell, Mobil and Gulf.

As a joint venture partner, NNOC was entitled to 182.95 million barrels of oil production. But NNOC did not find buyers for its own share, thereby losing a potential income of $2.8 billion.

But it was instead reported by the media that $2.8 billion was missing.

https://www.thecable.ng/nnpc-asks-buhari-2-8bn-oil-money-truly-missing-petroleum-minister

oya Buharia dnt worry that much about apology from David Cameroon and your juju certificate tell us where our oil money has gone to

A few hours after President Goodluck Jonathan and ex-Head of State, Gen. Muhammadu Buhari took a swipe at former leaders, ex-Military President Ibrahim Babangida fired back.

He asked Dr. Jonathan to learn to accept criticisms and threatened to expose the “holier-than thou-attitude” of Gen. Buhari.

Gen. Babangida, who spoke through Prince Kassim Afegbua, his media adviser, reminded Gen. Buhari that those who live in glass houses should not throw stones.

He also advised Dr. Jonathan to look elsewhere, not him, if he is blaming past leaders that are criticising him.

Kassim said: “On President Jonathan, there is nothing wrong in criticism if it is constructive and in the interest of the country. Gen. Babangida is one unique former President who does not criticise a sitting President as a matter of courtesy.

“If President Jonathan is blaming past leaders, he should look elsewhere, certainly not IBB.

“On Gen. Buhari, it is not in IBB’s tradition to take up issues with his colleague former President. But for the purpose of record, we are conversant with Gen. Buhari’s so-called holier-than-thou attitude.

“He is a one-time Minister of Petroleum and we have good records of his tenure as minister.

“Secondly, he also presided over the Petroleum Trust Fund ( PTF) which records we also have.

“We challenge him to come out with clean hands in those two portfolios he headed. Or, we will help him to expose his. “records of performance during those periods.”
Those who live in glass houses do not throw stones. Gen. Buhari should be properly guided.”

It would also be recalled that Buhari’s present protege, the controversial former minister of the FCT, Malam Nasir Elrufai, had in October of 2010 accused Buhari of a litany of improper acts. To quote Elrufai, he had said of Buhari that ” That same prejudice accounts for the baseless claims of corruption Buhari levels against El Rufai. The fact is that Mallam El-Rufai served Nigeria with integrity and has never been convicted of any corrupt act.

He is boldly contesting the false charges which the Yar’Adua government filed against him in court. It is strange that a Buhari who protests when unproven claims of N2.5 billion (about US $3billion in those days!) missing oil funds are levelled against him can gleefully elevate similar claims into facts when it concerns another.

How would Buhari feel if the corruption allegations made against him by Group Captain Usman Jibrin, then a board member of PTF, are today reported as if they were proven facts? So much for “corrupt background” and “shoddy performance”.

Mallam El-Rufai wishes to remind General Buhari that he has remained perpetually unelectable because his record as military head of state, and afterwards, is a warning that many Nigerians have wisely heeded. His insensitivity to Nigeria’s diversity and his parochial focus are already well-known.

In 1984, Buhari allowed 53 suitcases belonging to his ADC’s father to enter Nigeria unchecked at a time the country was exchanging old currency for new. Against all canons of legal decency, he used retroactive laws to execute three young men for drug-peddling after they were convicted by a military tribunal and not regular courts of law.

Buhari was so high handed that he gave himself and his officials immunity even from truthful reporting. That obnoxious Decree 4, against which truth was no defence, was used to jail journalists and attempt to cow the media as a whole. That tyrannical legislation shows the essence of his intolerance. These are facts of recent histor

http://www.mjemagazine.com/i-will-expose-your-dirty-laundry-ibb-to-buhari/

BUHARI WE KNOW

2FACE NORTHERNER El-Rufai we know

and in 2016 we are fight kworuption corrrect?

BUHari tell us where our oil money is naw

they said that you are a poor man abi