Discover and read the best of Twitter Threads about #nnpcaudit

Most recents (2)

It's now a sad case of if @NNPCgroup doesn't kill Nigeria, Nigeria will kill NNPC. The wastage and corruption in NNPC is an eyesore, the saddest part is if the govt. fail to fund NNPC, it will collapse!
{A SAD Thread}
#NNPCAudit
In 2011, an audit report by KPMG revealed the agency couldn’t account for about 28.5 Billion dollars over deducted funds in subsidy claims.
#NNPCAudit
In 2013, a controversial letter by Sanusi Lamido to Goodluck Jonathan, he claimed that NNPC had not remitted $49billion from crude oil sales.
#NNPCAudit
Read 19 tweets
A country like Nigeria, producing oil at 2 million barrels per day (BPD) & still having nothing to show for it is down to either bad/inadequate regulatory institutions & framework or witchery.
My bet is on the former

It's a thread

#NNPCAudit
@Dataphyte analysed @NNPCgroup financial report & discovered that credit sales amounting #1.45 trillion made to its subsidiaries are still unpaid.

#NNPCaudit
@Dataphyte went further to analyse the financial records of the 22 subsidiaries of the @NNPCgroup & revealed that 12 of them owes @NNPCgroup trillions of Naira.

#NNPCAudit
Read 11 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!