Sanusi |
It was another heavy blow and knock out defeat for sacked CBN governor, Sanusi Lamido Sanusi as the Senate Joint Committee on Finance has said that contrary to claims by the embattled ex banker, there is never any unremitted $49.8 billion oil funds missing in the Federation Account.
SHOWBIZPLUSng reliably gathered that this
formed part of the report of the Senate Committee on Finance which investigated
the allegations by Sanusi that $49.8 billion was not remitted by the NNPC into
the Federation Account.
The report was signed by the
committee’s Chairman, Senator Ahmed Makarfi, and nine other members.
According to the report, the total
crude oil lifting between January 2012 and July 2013 was 67 billion dollars and
not 65 billion dollars as the sacked CBN governor had presented.
The committee stated that the CBN,
NNPC, Ministry of Finance and the Ministry of Petroleum Resources had agreed after
reconciliation that the sum of 47 billion dollars out of the 67 billion dollars
had been credited to the Federation Account.
“The problem of non-remittance of
revenues by the NNPC was not new and it was not the CBN that first disclosed
it.
“The committee could not see how the
figure of 49.8 billion dollars was arrived at by the CBN governor in the first
instance,” it said.
The committee recommended for the complete discontinuation of the fuel
subsidy regime in the country.
It, however, recommended that NNPC
should refund to the Federation Account, the total sum of 218,069,354.32
dollars being the balance of the gross lifting under the third party financing.
The committee also recommended that
inter-agencies reconciliation meetings between institutions such as the
Ministry of Finance, NNPC, CBN and the Federal Inland Revenue Service (FIRS)
should be done on regular basis.
It said such regular meetings among
those sensitive economic institutions would prevent a recurrence of this
situation and ensure that all revenues were properly and legally accounted for.
It urged the Senate to accept the
N813.8 billion subsidy deductions by the NNPC from January 2012 to July 2013,
since it was certified by the PPPRA and appropriated for by the National
Assembly.
The committee, in addition, asked the
Senate to accept the subsidy deducted by NNPC in the sum of N180 billion for
the fourth quarter of 2011 which was also certified by the PPPRA and
appropriated by the National Assembly.
The committee noted that no proposal was made in the 2014 appropriation bill
for subsidy on kerosene, adding that the subsidy on PMS is inadequate.Also, the committee advised that NNPC should henceforth not pay their operational expenditures direct from the Federation Fund without appropriation by the National Assembly.
It stressed that the oil corporation
should strictly adhere to international best practises in keeping records.
It cautioned that NNPC should not
control the revenue account of Nigerian Petroleum Development Company (NPDC) so
as not to undermine its separate legal status and make accountability more
difficult.
The committee, which berated Sanusi for
lying and talking recklessly, further advised the NNPC to ensure due process
and diligence in its operations, and urged the Senate to urgently pass the
Petroleum Industry Bill (PIB) into law so as avoid the mistakes of the past.
No comments:
Post a Comment