Did You Know:
NNPC deducted first line charge for pipeline repairs and maintenance in 2016 was N126.554 billion.
Out of the total N126.554 billion in 2016 only N4.949 billion accounting for 3.91% directly relate to repairs and maintenance.
Other payments such as ITF contribution, NPA,
PEF, Salaries, Employee pension etc. do not directly relate to pipelines repairs and maintenance.
The inclusion of other non-related expenses into the account of pipeline repairs and maintenance shows lack of transparency and accountability.
This amount could be used to finance any of the following:
These are issues which, not only the responding entity listed as resolved, but the remediation update consultant with the aid of supporting evidence, adjusted as truly reolved.
Refers to issues in which the covered entity has commenced remediation in the intervening period since the issue was reported in the audit. they also include issues for which the covered entity admitted responsibility but has not taken verifiable remedial steps.