The Federal Government ordered forensic audit on the operations of the Nigerian National Petroleum Corporation, NNPC, has indicted the national oil company for various questionable transactions.

Highlights of the recommendations by the audit firm of PriceWaterhouseCoopers, PwC Nigeria, which conducted the audit, asked the Nigerian Petroleum Development Company, NPDC, the upstream subsidiary of the NNPC, to refund a total of $1.48billion (about N248.6billion) to the Federation Account for various unreconciled transactions.

The Auditor General of the Federation, AuGF, Samuel Ukura, who said he was presenting the highlights of the report at the request of President Goodluck Jonathan, pointed out that it was not his responsibility to present such audit reports to arms of government other than the National Assembly in line with the Constitution.

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