Audit-Report-on-NNPC

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Investigative Forensic audit of crude oil revenues and remittances by NNPC (January 2012 – July 2013) 6.1.12. Details of unremitted equity revenue A. Credit Notes utilized Month Year Customer B/L Date Crude Type Quantity Lifted (Bbls) Value of credit note $ Credit note number Jun 2013 VITOL 6/14/2013 EA BLEND 948,568 20,460 031/2012 Jun 2013 FUJAIRAH REFINERY 6/18/2013 QIL 949,960 1,388,837 Several Apr 2013 ELAN 4/28/2013 BB 429,650 9,840 028/2012 Apr 2013 SOCAR 4/23/2013 QIL 949,740 49,499 029/2012 May 2013 CALSON 5/6/2013 ESC 899,474 1,434,688 Several Mar 2013 TRAFIGURA 3/26/2013 BONGA 945,980 6,722,305 Several Mar 2013 FUJAIRAH 3/23/2013 EA BLEND 949,827 181,629 052/2012 Feb 2013 TALEVERAS 2/20/2013 FB 20,055 131,749 022/2011 Mar 2013 DUKE OIL 3/17/2013 FB 317,146 991,526 on system Jan 2013 TRAFIGURA 1/27/2013 BONGA 901,114 389,615 Sep 2012 ELAN OIL 9/27/2012 ESC 905,195 3,854 023/2008 Feb 2012 COTE D’IVOIRE(SAHARA) 2/26/2012 BONGA 30,000 64,181 005/2009 Total 11,388,184 B. Technical cost Month Year Customer B/L Date Crude Type Quantity Lifted (Bbls) Technical cost $ Mar 2012 OCEAN BED TRADING LTD 3/26/2012 ZAFIRO 947,125 9,011,894 Total 9,011,894 C. Debt servicing Month Year Customer B/L Date Crude Type Receipt ($) Feb 2012 DUKE OIL/PAN OCEAN 2/15/2012 FB 1,999,975 Total 1,999,975 Vanguardngr 150
Investigative Forensic audit of crude oil revenues and remittances by NNPC (January 2012 – July 2013) D. Bank charges Year Month Bank charges USD $ 2012 February 25.00 2012 August 71.00 2012 September 110.40 2012 October 28.00 2012 November 140.00 2012 December 81.80 2013 January 53.60 2013 March 40.00 2013 April 70.00 2013 May 20.00 Total 638.00 E. Initial Funding Deposit Month Year Initial Deposit Amount in JP Morgan $ Feb 2012 2,222,959 2,222,959 Aug 2012 20,000,014 20,000,014 Sep 2012 22,500,060 22,500,060 Oct 2012 29,999,979 29,999,979 Nov 2012 17,499,990 17,499,990 Dec 2012 2,500,000 2,500,000 Jan 2013 4,999,975 4,999,975 Mar 2013 2,500,000 2,500,000 Apr 2013 7,500,012 7,500,012 May 2013 2,500,000 2,500,000 Total 112,222,989 112,222,989 GRAND TOTAL (A+B+C+D+E) = $130,623,730 Vanguardngr 151
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Forensic Services Audit</st
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Table of Contents Review of crude o
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Table of Contents Review of crude o
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Investigative Forensic audit of cru
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