Audit-Report-on-NNPC

Investigative Forensic audit of crude oil revenues and remittances by NNPC (January 2012 – July 2013)
S/N Category Further cost
breakdown
1 Salaries and Upfront benefits
(PPMC’s Cost)
($)
N/A 54,678,942.11
2 Pipeline Vandalism Repair Cost N/A 11,896,654.70
3 Pipeline Surveillance payments N/A 48,238,152.14
4
5 Facility Management
7
Alternative Crude Oil Transport
Cost –via Marine
Expenses
MT Tuma and MT Olobiri
Payments
8 Crude Transport
Payments
9 Marine and Throughput
payments
10 Environmental Remediation
Payments
Charter Hire Payments 59,324,737.01
15,774,478.66
6,658,588.74
5,457,006.98
6,707,826.05
10,257,161.07
11 Capital Expenditure (CAPEX) 27,179,005.48
12 PPMC Charge Out Fees for
Management Services
59,712,530.83
TOTAL 305,885,083.77
Table F1 – Summary of unsubstantiated payments
The details of the above unsubstantiated costs have been summarized as follows:
Salaries and Upfront benefits (PPMC’s Cost)
i. Unavailable supporting documents
Upon review of the provided documents, we discovered that there was no supporting
document available for three (3) different salary payments in January 2012, March 2012, and
November 2012 . See Table 1.2 below for further details.
ii. Duplication of entry
We observed that there was a duplicated entry of N4,883,255,198.59 ($31,551,690.59) in
January 2013. The supporting document provided was that for January 2012, which had
already been claimed.
iii. Operational Cost/ Status Cars
Operational cost of N405,760,000 ($2,622,883.00) was included in PPMC’s salaries in May
2012. No supporting documents were provided for these costs. See summary in Table F2
below;Vanguardngr
Confidential information for the sole benefit and use of the <strong>Audit</strong>or-General for the Federation.
PwC 92