“The audit report also reveals that NNPC (Nigerian National Petroleum Corporation) owes 1.305 trillion naira ($8.3 billion, six billion euros) to the federation account as at December 31, 2011,” NEITI’s chief Ledum Mitee said in statement.
Mitee heads the national chapter of the global EITI, chaired by former British cabinet secretary Clare Short.
Mismanagement and allegations of corruption have long dogged the NNPC.
President Goodluck Jonathan sacked ex-managing director Austen Oniwon in June, in a move aimed “to achieve greater transparency and accountability in government,” according to a statement issued at the time. Mitee told AFP on Friday that the audit does not offer any conclusions as to why these funds went unpaid, even though NNPC was given ample opportunity to explain the issue.
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