The Federal Government has uncovered a fresh monumental fraud of N3.3 trillion involving some key agencies including the Nigeria National Petroleum Corporation, NNPC and the Office of the National Security Adviser (NSA) under Col Sambo Dasuki (rtd).
Also involved according to a report submitted by the Accountant General of the Federation, Samuel Ukura to the Clerk of National Assembly, Salisu Makaisuwa, were Police Service Commission, foreign Mission, Nigeria Port Authority (NPA), Petroleum Equalisation Fund (PEF), Nigerian Prison Service, Federal Airport Authority (NPA).
Ukura, in the report said the N3.2 trillion realised from sales of crude oil was not remitted to Federation Account Allocation Committee (FAAC).
The report reads in part, ”The sum of N36 billion was released to the Office of the National Security Adviser for the rehabilitation and construction of Dams instead of the Federal Ministry of Water Resources.
“The Sum of N2.9 billion was spent for the procurement of hand sanitizer for schools and critical public places. The sum of N31 billion was payment of subsidy on fertiliser and youth employment in Agriculture programme.
“The sum N2.4 billion was payment for group life Assurance Premium for Armed Forces Budget in 2013 but not cash backed. The sum of N500 million was payment for schools Agricultural programmes.
“From examination of NNPC mandates to CBN on domestic crude Oil sales and reconciliation statement of Technical Sub-committee of Federation Allocation Committee meeting held in January 2014 amount not remitted to FAAC was N3.2 trillion.
“Review of sales profile on sales of Gas to Nigeria Liquefied Natural Gas(NLNG) was not paid to the Federation Account but transferred to some undisclosed Escrow Accounts. Relevant documents were not made available for verification.”