Thursday, March 5, 2026
Freedom Online
  • Home
  • News
    • Foreign
    • Crime
  • Business
  • Politics
  • Health
  • Entertainment
  • Interview
  • Sports
  • Ad Rates
No Result
View All Result
Freedom Online
  • Home
  • News
    • Foreign
    • Crime
  • Business
  • Politics
  • Health
  • Entertainment
  • Interview
  • Sports
  • Ad Rates
No Result
View All Result
Freedom Online
No Result
View All Result

Fresh N3.3trn fraud uncovered: NNPC cornered N3.2trn; Dasuki got N36bn for construction of dams; N2.9bn spent to buy hand sanitisers for schools; NPA, Prison, FAAN, Police also indicted

Ibrahim Ahmadu by Ibrahim Ahmadu
March 14, 2016
in Breaking News, Business, Economy
0
Buhari: I belong to everybody, I belong to nobody
1.6k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Even when Nigerians are still trying to shrug off the effect of the monumental fraud uncovered by the Muhammadu Buhari administration, a fresh N3.3 trillion fraud has been traced to some government agencies.
Leading the pack is the Nigerian National Petroleum Corporation (NNPC) with a N3.2 trillion fraud.
Former National Security Adviser (NSA), Colonel Sambo Dasuki (rtd), who is still standing trial, was accused to have collected another N36 billion to construct dams.
Among other revelations, N2.9 billion was also said to have been used to purchase hand sanitisers for schools during the Ebola crisis in the country.
The Nigerian Ports Authority (NPA), Nigerian Prisons Service (NPS), Federal Aviation Authority of Nigeria (FAAN), Police Service Commission and others were also indicted.
The revelations were contained in a report by the Federal Government submitted to the Clerk of the National Assembly, Salisu Makaisuwa, by the Auditor General of the Federation, Samuel Ukura.
Ukura revealed that the N3.2 trillion, realised from sales of crude oil, was not remitted to the Federation Account Allocation Committee (FAAC) by NNPC.
He revealed that total payments amounting to N73.5 billion ‎were made, contrary to the established purpose of the funds.
The report reads: “The sum of N36 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.
“The sum of N2.9 billion was spent for the procurement of hand sanitizer for schools and critical public places.
“The sum of N31 billion was payment of subsidy on fertiliser and youth employment in Agriculture programme.
“The sum N2.4 billion was payment for group life Assurance Premium for Armed Forces Budget in 2013 but not cash backed.
“The sum of N500 million was payment for schools Agricultural programmes.
“From examination of NNPC mandates to CBN on domestic crude Oil sales and reconciliation statement of Technical Sub-committee of Federation Allocation Committee meeting held in January 2014, amount not remitted to FAAC was N3.2 trillion.
“Review of sales profile on sales of Gas to Nigeria Liquefied Natural Gas (NLNG) was not paid to the Federation Account but transferred to ‎some undisclosed Escrow Accounts. Relevant documents were not made available for verification.”

Tags: dasukifaanfraudmakaisuwaNational Assemblynnpcnpapoliceprisonukura
Share25Tweet16Send
Previous Post

LASU Alumni honours medical feat team, outstanding achievers March 31

Next Post

Lekki building collapse: Ambode sacks Building Control Agency GM, others; reads riot act to public officials, contractors

Related Posts

Congress: Crisis hits Oyo APC as stakeholders reject Adeyemo’s chairmanship
Breaking News

Congress: Crisis hits Oyo APC as stakeholders reject Adeyemo’s chairmanship

March 4, 2026
Police Council Confirms Olatunji Disu as Substantive Inspector-General of Police
Breaking News

IGP inaugurates eight-man committee on implementation of state police

March 4, 2026
euro
Breaking News

Diesel passes €2 per litre in Germany due to war in Iran

March 4, 2026
Next Post
Ten dead, 10 rescued in Lagos collapsed building

Lekki building collapse: Ambode sacks Building Control Agency GM, others; reads riot act to public officials, contractors

Amaechi rigged NGF election, insists Mimiko

Mimiko signs 2016 budget into law

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

https://freedomonline.com.ng/wp-content/uploads/2025/01/5aeac180-db4e-4e7c-bd37-07ddbf15b053.mp4

Popular Stories

  • Bloody clash in Lagos

    Bloody clash in Lagos

    77 shares
    Share 31 Tweet 19
  • Tinubu rejigs Cabinet

    68 shares
    Share 27 Tweet 17
  • Umahi to Tracy Ohiri: Only a queen can claim a handsome man like myself has been making love advances for 12 years

    67 shares
    Share 27 Tweet 17
  • Court Grounds NG Eagle Aircraft, Bars Sale Pending $5.3m Aviation Dispute

    66 shares
    Share 26 Tweet 17
  • Tinubu welcomes Lebara’s launch in Nigeria

    65 shares
    Share 26 Tweet 16
  • Ogun guber: Iyabo Obasanjo attacks Adeola Yayi, says ‘you are an opportunist, your political migration driven purely by ambition rather than service’

    79 shares
    Share 32 Tweet 20

Latest Stories

Congress: Crisis hits Oyo APC as stakeholders reject Adeyemo’s chairmanship

Congress: Crisis hits Oyo APC as stakeholders reject Adeyemo’s chairmanship

March 4, 2026
Police Council Confirms Olatunji Disu as Substantive Inspector-General of Police

IGP inaugurates eight-man committee on implementation of state police

March 4, 2026
euro

Diesel passes €2 per litre in Germany due to war in Iran

March 4, 2026
U.S., South Korea agree on trade, security deal, nuclear submarines

100 feared dead after Iranian frigate sustain suspected submarine attack off Sri Lanka

March 4, 2026
Terror Financing Insinuations: My story, by Malami

AGF takes over prosecution of Malami, son over terrorism, firearms possession

March 4, 2026
INEC upgrades BVAS to eliminate election result manipulation – Chairman

INEC Begins Review of Political Parties’ Guidelines Ahead of 2027 Polls

March 4, 2026
FG Prohibits Cash Tax Collection, Roadblocks Under New Tax Regulations

FG Prohibits Cash Tax Collection, Roadblocks Under New Tax Regulations

March 4, 2026
Freedom Online

© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.

Navigate Site

  • Home
  • News
  • Business
  • Politics
  • Health
  • Entertainment
  • Interview
  • Sports
  • Ad Rates

Follow Us

No Result
View All Result
  • #13921 (no title)
  • Advert Rates
  • APC ad
  • Archive Sitemap
  • Contact
  • Contact Us
  • Documents
  • Full Width
  • Homepage
  • Ogun State
  • Ogun State banner ad
  • P-A
  • P-A2
  • Privacy policy
  • Sample Page
  • Sample Page
  • Submit an article
  • Welcome

© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.