Auditor General’s Representatives on 10 Years of Fuel Subsidy Expenditure

The Federation Auditor General (AGF) is expected to appear before the House of Representatives on Tuesday, August 30, 2022 to provide documentary evidence of the audit conducted on the monies used by Nigerian National Petroleum Corporation (NNPC) Limited for the payment of fuel subsidy between 2013 and 2022.

The lawmakers have also instructed the Office of the Accountant General of the Federation to provide relevant financial transactions on the fuel subsidy for the period within the review.

Chairman, Special Ad Hoc Committee Examining Fuel Subsidy, Hon. Ibrahim Aliyu made the announcement in Abuja, during the examination of documents submitted by a representative of the Accountant General of the Federation (AGF), Okolieaboh Sylvia, who was represented by the director overseeing the accounts of the federation, Mr Mohammed Saleh.

In the effort to ensure a fair trial as enshrined in law, the committee chaired by Hon. Aliyu expects the Accountant General of the Federation with relevant documents on September 8, 2022.

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In his intervention, Hon. Isiaka Ibrahim instructed the Accountant General of the Federation to have an independent control mechanism to verify the correctness of the transactions.

He also expressed the need for the Office of the Accountant General of the Federation to exercise due diligence in verifying the transaction documents submitted by all government agencies in accordance with its duties as set forth in the law.

For his part, Hon. Mark Gbillah, after a thorough examination of the documents, identified some discrepancies in the calculated amount in the NNPC documents.

While speaking, Hon. Aliyu explained that the House has instructed the ad hoc committee to ensure the effectiveness of the fuel subsidy regime and examine the payments to petroleum marketers it will make effectively.

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