NNPC has started refunding unremitted $1.48bn –Alison- Madueke

The Minister of Petroleum
Resources Mrs. Diezani Alison-
Madueke, on Wednesday disclosed
that the Nigerian National
Petroleum Corporation has started
refunding the $1.48bn unremitted
fund into the Federation Account as
recommended by an audit firm,
PriceWaterHouse Coopers.
She however did not disclose how
much has for far been refunded by
the corporation.
She also denied reports that she
was seeking the assistance of some
highly-placed persons in order to
escape prosecution for alleged
corruption from the incoming
administration of the President-
elect, Muhammadu Buhari.
Alison-Madueke spoke with State
House correspondents at the end of
the weekly meeting of Federal
Executive Council at the
Presidential Villa, Abuja.
It will be recalled the Federation
Account Allocation Committee had
on Monday night constituted a
committee to find out the reasons
for the delay in the refund of the
sum.
PriceWaterHouse Coopers had in
the report of its forensic audit
report of the corporation
recommended that the NNPC
should refund the amount to the
Federation Account.
Alison-Madueke however
explained that the unremitted fund
was owed by the NPDC for a block
that had been assigned from the
NNPC to the NPDC.
She said, “The PriceWaterHouse
Coopers forensic audit that was
done few weeks ago in his
recommendation mentioned that
$1.48bn was owed by the NPDC for a
block that had hitherto been
assigned from the NNPC to the
NPDC which is its subsidiary.
“They felt that the right process
would be that the NPDC will refund
that money to the Federation
Account. The NPDC has apparently
started those refunds and it is also
in discussion with the NNPC and the
DPR on same. So the refund has
actually began.”
While saying that the payment was
being done under her directive,
she insisted that the sum was not
missing but transferred by the
NNPC to the NPDC.
The minister also denied media
reports that she was reaching out
to some prominent Nigerians,
including a former military Head of
State, Gen. Abdusalami Abubakar
(retd.), to seek soft landing from
the incoming government.
She said she had in the course of
her job as minister met with elder
statesmen across the country and
wondered why her meeting with
Abubakar would be singled out.
The minister said she could not be
seeking for a soft landing because
she was not aware that she had
committed any crime.
She said, “I have not sought such
assistance because I am not aware
that I have been indicted of any
crime that I will need a soft landing.
“Over the last four years, I have
many times been unfortunately
accused and libelled in so many
malicious and vindictive ways.
“I have explained these things and
pushed back robustly on these
accusations and I have even gone
to court on many of them. Yet, they
keep being regurgitated.”

Wow, go on naja

You never see anything

Hmm,