Business
Revealed: NNPC Failed To Remit N3.2trn In 2014- Auditor General
Samuel Ukura, auditor-general of the federation, has revealed how the Nigerian National Petroleum Corporation (NNPC) shortchanged federal government revenues by N3.2 trillion in 2014 alone.
Addressing reporters on Monday after submitting his office’s 2014 audit report of the Integrated Payroll and Personnel Information System (IPPIS) to the national assembly, Ukura said the oil corporation under-remitted domestic crude oil sales to the federation account.
He added that discrepancies traced to the accounts of the national assembly were up to N10.6 billion, the NLNG and accounts of several ministries, departments and agencies.
Kura implored the federation account allocation committee (FAAC) to investigate the funds and ensure their recovery to the federation’s coffer.
“From the examination of NNPC mandates to CBN on domestic crude oil sales and reconciliation statement of technical sub-committee, FAAC amount not remitted was N3.2 trillion,” he said.
“Also, the $235-million sale of gas to NLNG was not paid to the federation account but transferred to some undisclosed Escrow Accounts.
“Another $346.2 million was stated to have been paid and received by the federation account, through NGL funding account as gas export sales, yet no document was available to confirm this.”
He also disclosed that discrepancies up to N73.5 billion were found from various special funds accounts of the federal government.
“Total payments amounting to N73.5 billion were made contrary to the established purpose of the funds,” he said.
“The sum of N36.4 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.
“Another N2.8 billion was spent for the procurement of hand sanitisers for schools and critical public places.”
Ukura said N509 million recorded as payment for schools agricultural programmes could not be accounted for.
He added that the report also showed that N7.3 billion was deducted from various MDA accounts as tax but was not remitted into any account of the Federal Inland Revenue Service.
Ukura urged the senate and house of representatives to do justice to the reports so that all the money could be recovered and put to better use.
Prof Lawan Bala Buratai Appointed Vice Chancellor of Nigerian Army University Biu After Rigorous Selection
In a significant leadership transition at one of Nigeria’s foremost military-civilian academic institutions, Professor Lawan Bala Buratai has been appointed as the new Vice Chancellor of the Nigerian Army University Biu (NAUB).
The appointment was announced following an intensive and merit-based selection process conducted by the Governing Council of NAUB at the Armed Forces Officers Mess and Suites, Asokoro, Abuja. The Council, under the chairmanship of Dr. Awwal Moriki, concluded its deliberations and formally presented the letter of appointment to Prof Buratai in a brief but momentous ceremony.
Dr. Moriki, while congratulating the new helmsman, described the selection as the culmination of a transparent and rigorous process aimed at identifying a visionary academic leader who embodies the university’s core values of excellence, discipline, and innovation.
With this appointment, Prof Buratai succeeds Professor Kyari Mohammed, whose single five-year tenure is widely credited with laying a strong foundation for the university’s academic and structural growth.
The Nigerian Army University Biu (NAUB) was established in 2018 as a unique public institution owned by the Nigerian Army and designed to serve both military personnel and civilians. Located in Biu, Borno State, the university was conceived as a strategic response to the security and developmental challenges facing Nigeria and the wider Sahel region.
NAUB is focused on entrepreneurship, innovation, defense studies, and technology-driven research. It offers undergraduate and postgraduate programs in diverse fields ranging from engineering and environmental sciences to social sciences, computing, and military history.
What sets NAUB apart is its civil-military partnership model, which aims to foster mutual understanding and collaboration between Nigeria’s armed forces and the general populace. The university plays a key role in developing indigenous solutions to security challenges while also contributing to national capacity building and economic resilience through education.
With increasing national and international recognition, NAUB continues to attract scholars and partnerships across Africa and beyond, committed to transforming it into a world-class institution in security and development research.
Professor Lawan Buratai, a respected scholar and administrator, is expected to lead the university into its next chapter—deepening academic standards, expanding infrastructure, and strengthening NAUB’s role in national transformation.
His appointment signals a continuity of vision with a renewed focus on excellence, innovation, and service to the nation.
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