The National Economic Council has said that the Interim report of forensic audit of NNPC and other Revenue agencies from 2010 to May 2015 reveals significant under remittance to the Federation Account.
This was disclosed earlier yesterday at the monthly NEC meeting presided over by Vice President Yemi Osinbajo, SAN.
The Council has stated that details will be revealed in the final report to be released.
An Ad-Hoc Committee of the National Economic Council has reported back to the Council that a number of revenue-generating agencies may have significantly under remitted returns to the Federation Account.
The Council had previously ordered the forensic audit to review remittances of the agencies covering 2010 to May 2015.
While Council received an updated interim report today, a final report is awaited next month.
Out of the 18 Agencies in which forensic audit was conducted, the Committee completed work on 13 Agencies, 2 are ongoing and 3 are not revenue generating.
The 13 include: NIMASA, NNPC, NPA, FIRS, NPDC, DPR, etc. The 2 outstanding agencies are the Customs Service and NCC.
Council directed the Committee to conclude its report under 4 weeks and fully report back to Council in the next meeting