Audit observed that:
i. The sum of 1,925,388,991.70 (One billion, nine hundred and twenty five million, three hundred and eighty eight thousand, nine hundred and ninety one naira, seventy kobo) was paid in favour of seventeen (17) contracts on charter hire, and
ii. There were no adequate supporting documents like evidence of vessels transhipment of products, clearance certificate from appropriate inspection agency, among others to show that the payments were valid charges against public funds.
The Group Managing Director of NNPC is requested to:
i. Provide reasons why payments were made without adequate supporting documents.
ii. Account for the sum of 1,925,388,991.70 (One billion, nine hundred and twenty five million, three hundred and eighty eight thousand, nine hundred and ninety one naira, seventy kobo) paid for charter hire to the seventeen contractors without adequate supporting documents.
iii. Furnish evidence of vessels transhipment of products, clearance certificate from appropriate inspection agency for the contractors to the Public Accounts Committees of the National Assembly, and
iv. Otherwise, apply sanctions relating to irregular payments in paragraph 3106 of the Financial Regulations.
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