Shut up, NNPC warns Sanusi

The management of the Nigerian National Petroleum Corporation (NNPC) has warned the governor of the Central Bank Nigeria (CBN), Lamido Sanusi to ‘’shut up and stop heating up the polity’’
The group general manager, public affairs, Dr. Umar farouk, gave the charge yesterday, while reacting to the latest allegation made by the CBN governor while appearing before by the senate committee on finance on the ‘’missing’’ $48 billion.
Dr. Farouk wondered why Sanusi kept shifting grounds on the matter, despite several reconciliatory meetings that have been held on the matter.
Sanusi had told the finance committee headed by Senator Ahmed Makarfi that “we have looked at FIRS numbers and we have confirmed that $16 billion paid by international oil companies to the FIRS account was not paid by the NNPC but paid by IOCs. It was the proceeds of crude lifted in the name of NNPC but sold on behalf  of FIRS.
“That $16 billion had been confirmed by FIRS and had accepted. There is $1.6 billion that DPR also received from IOCs which was part of that crude and which CBN had accepted.
“We have provided evidence in the naira crude account out of the $28 billion domestic crude shipped by the NNPC, it had repatriated $16 billion.
“Out of the $67 billion that has accrued to the NNPC account, we have accounted for $47 billion. Out of the $67 billion that the NNPC shipped, $47 billion had been repatriated to the CBN. What we are talking about is the balance of the $20 billion dollars and what explanations had been given.”
The (GMD) of NNPC, Andrew Yakubu, also at the Senate hearing, said the CBN governor apparently made the allegation in error, adding that Sanusi did not understand how the NNPC worked.
According to the GMD, the CBN governor had erroneously lumped some intakes together, adding that some of the intakes belonged to the  (NPDC) being operated by private firms.
“CBN is a banking outfit, so I really, really understand why they will not understand some issues and they are not also an auditing outfit.
“Now what they try to do is to audit and I heard some statements made here that they do not have this document, they don’t have that document.
“They are not the auditors. We have certified bodies and arms of agencies that are charged with the responsibility,” he said.

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