Audit-Report-on-NNPC

Recommendations

Info

Investigative Forensic audit of crude oil revenues and remittances by NNPC (January 2012 – July 2013) S/N Meetings held Date Attendees and Designation F&A. DGMD/GED F&A. 22 Close out meetings held with the Honorable Minister of Petroleum Resources 23 We requested for meetings and information from the Central Bank of Nigeria (“CBN”) but were not granted access to nor given the requested information by the CBN 24 We requested for meetings and information from the Nigeria Petroleum Development Company (“NPDC”) but were not granted access to nor given the requested information by the NPDC 2 February 2015 PwC Honorable Minister of Petroleum Resources PwC Vanguardngr 196
Investigative Forensic audit of crude oil revenues and remittances by NNPC (January 2012 – July 2013) 6.4. Extract of documents reviewed Document Source <strong>Report</strong> of Preshipment Inspection Agencies covering January 2012 to July 2013 Ministry of Finance Monthly Official Sales Price (OSP) issued by the NNPC to all Crude Marketers (January 2010 to August 2013) Process flows and descriptions for the revenue cycle showing crude oil and product flows as well as funds flow. A schedule showing all crude oil liftings, vessels, volumes, marketer and FOB values from all terminals broken down by category (Equity crude sales, SWAP, OPA etc.) Crude Oil Marketing Division Crude Oil Marketing Division Crude Oil Marketing Division Listing of all crude marketers utilized by the NNPC during the period January 2012 to July 2013 Crude Oil Marketing Division Sample copies of crude marketing and sales contracts entered into with offtakers Crude Oil Marketing Division All dated Brent prices as published by Platt for the period January 2012 and July 2013 Crude Oil Marketing Division All periodic Official Selling Prices(OSP)issued by the NNPC covering the period January 2012 to July 2013 for all the different types of crude marketed by the NNPC. Prices of all refined products as published by Platt for the period January 2012 to July 2013 Crude Oil Marketing Division Methodology used to compute Prompt, Advanced and Deferred price of crude oil Crude Oil Marketing Division Crude Oil Marketing Division Listing of all Crude Oil Marketers utilized by the NNPC during the period Jan 2012 to July 2013 Crude Oil Marketing Division FAAC report/accounts (Jan 2012 - July 2013) A monthly summary of crude oil quantities pumped to the refineries from the related terminals for the period January 2012 – July 2013 A listing of all the terminals in Nigeria from which crude is exported or gathered and piped for domestic refining A monthly summary of crude oil quantities received at the various terminals for the period January 2012 – July 2013 A detailed listing of all the crude oil export cargoes and the party handling the export (owner of the exported crude oil) within the period January 2012 – July 2013 Crude Oil Marketing Division Crude Oil Marketing Division Department of Petroleum Resources Vanguardngr A monthly summary of crude oil quantities piped to the domestic refineries from the related terminals for the period January 2012 – July 2013 A monthly summary of crude oil volumes received at the local refineries for the period January 2012 – July 2013 A listing of all the cargoes of refined petroleum products imported by/on behalf of the PPMC within the period January 2012 – July 2013 A monthly summary of refined product volumes and types pumped out of the local refineries within the period January 2012 – July 2013 Department of Petroleum Resources Department of Petroleum Resources Department of Petroleum Resources Department of Petroleum Resources Department of Petroleum Resources Department of Petroleum Resources 197
Page 1 and 2:
Forensic Services Audit</st
Page 3 and 4:
Table of Contents Review of crude o
Page 5 and 6:
Table of Contents Review of crude o
Page 7 and 8:
Investigative Forensic audit of cru
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146: Investigative Forensic audit of cru
Page 195: Investigative Forensic audit of cru
Page 199: Investigative Forensic audit of cru
show all

Audit-Report-on-NNPC

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?