The Nigeria National Petroleum Corporation, NNPC has been indicted by the forensic report directed by the federal government to investigate the alleged non-remittance of funds into the federation accounts between January 2012 to July 2013.
The Auditor General of the Federation, Ukura Samuel, made the revelation today at a news conference in Abuja.
He said the report revealed that the total amount remitted to the federation account was fifty point eight not forty seven billion dollars as stated by the senate committee on reconciliation.
The Auditor General added that the forensic report also asked the NNPC and SPDC to refund one point four eight billion dollars to the federation account .
Meanwhile, the forensic experts that audited the alleged NNPC's non-remittance of funds to the federation accounts has recommended the urgent review and structuring of the current model that has been on operation since the establishment of the corporation as it can no longer meet the present day challenges .
The group also called for an official directive to be written to support the legality of the kerosene subsidy cost to be followed by adequate budgeting and appropriation.
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