On the NNPCL N210 Trillion
When the issue of the 210trn broke the internet, I commented that its just and addition of multiple entries to obtain a vague figure for media trial.
@BalaWunti appeared before the committee to shed more light on the issue and he has done more than justice to the issue.
Based on the attached interview, here are the facts:
1. No any figure of N210 trillion appears in the NNPC 2023 Audited Financial Statements (AFS).
2. The N210 trillion figure was derived by adding N107 trillion in receivables to N103 trillion in payables.
3. The NNPCL after PIA began operating two accounts, the shareholders’ account and the commercial account with NAPIMS now NUIMS operating the stakeholders and NNPCL HQ operating the commercial account. And being NUIMS a subsidiary, both its inflows and outflows must reflect on NNPC’s main account.
Here is the full engagement:
Q & A SESSION: Is it true that a debtor who dies would be put in shackles (detained or imprisoned) in the grave until the debt has been paid off for them?
@abu_twinss Waini kam Kano wani irin Gari ne?
Wannan mutumin yazo da Sanda yace na Annabi ne, yace Ya Bantaro wani dutse yace na Uhud ne, yazo da Gashi yace na Manzon Allah, akajika drum sai ka biya kudi kasha. 😀😀😃😀
Allah ya la'anci mai karya.
@abu_twinss Wato Ra'asul Jarima hauka yayi har karshen Rayuwansa, shiyasa daga karshe yachika da Waqa.
Kuma sai ka Wuni a media Bakaga karatunsa ko na minti daya ba.
Wannan wai wani irin Shehune?