Audit-Report-on-NNPC

Investigative Forensic audit of crude oil revenues and remittances by NNPC (January 2012 – July 2013)
Month Year B/L Date Crude type
QTY Lifted
COMD
(bls)
Vessel
April 2013 05/04/13 FB 200000 NIPPON PRINCESS
May 2013 13/05/13 FB 286,500 GRANDY LADY
May 2013 30/05/13 FB 191000 SKS SEGURA
June 2013 14/06/13 FB 143,250 NORDIC PASSAT
TOTAL
Unit price –
COMD
$
Crude value
$
107.429 25,509,660.62
107.429 21,485,800.00
107.429 30,778,408.50
107.429 20,518,939.00
11,492,036 1,234,577,935.44
6.1.4. Domestic Remittance for January 2012 to July 2013
Year
Month
90 days
credit
period
Exchange
rate
Expected
($’000)
Remittance
($’000)
Remittance
(N’000)
2012 1/1/2012 Apr 155.7 1,546,911.27 861,091.22 134,071,903.42
2012 2/1/2012 May 155.4 1,894,330.54 811,792.59 126,152,568.75
2012 3/1/2012 Jun 155.06 1,767,498.41 615,800.56 95,486,034.95
2012 4/1/2012 Jul 154.75 1,515,830.49 886,155.53 137,132,568.75
2012 5/1/2012 Aug 154.7 1,240,597.42 728,600.96 112,714,568.75
2012 6/1/2012 Sep 154.9 985,895.85 719,396.83 111,434,568.75
2012 7/1/2012 Oct 154.87 1,421,165.89 731,145.92 113,232,568.75
2012 8/1/2012 Nov 154.83 1,525,283.05 627,059.15 97,087,568.75
2012 9/1/2012 Dec 154.56 1,773,034.68 726,182.77 112,398,568.75
2012 10/1/2012 Jan 154.75 1,314,880.24 727,209.10 112,535,608.75
2012 11/1/2012 Feb 154.74 1,278,993.32 706,556.60 109,332,568.75
Vanguardngr
2012 12/1/2012 Mar 154.76 1,883,347.64 821,869.79 127,192,568.75
2013 1/1/2013 Apr 154.77 2,250,793.93 1,178,415.51 182,383,368.75
2013 2/1/2013 May 154.74 1,149,117.13 726,267.09 112,382,568.75
2013 3/1/2013 Jun 154.75 1,730,840.39 726,220.15 112,382,568.75
143