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Pres. Buhari Reportedly Reveals NNPC Has “Too Many Bank Accounts” & Corporation has Lost Track of Them



Buhari 2015 BN 4

According to a report by PM News, President Muhammadu Buhari stated today at the African Union (AU) summit, that the Nigerian National Petroleum Corporation (NNPC) has too many bank accounts, and as a result, either the Ministry of Finance or the corporation have lost track of them.

Buhari is said to have expressed shock about the development, describing it as “improper.”

The report further states:

As petroleum minister during the Olusegun Obasanjo military regime,(1976-1979) Buhari said NNPC had only three accounts, in contrast to what the Jonathan government bequeathed: “too many accounts such that the NNPC and the ministry of finance did not know how many accounts they had.”


  1. Taipan

    June 16, 2015 at 9:21 am

    Then find them, thats y you are the president

  2. Uchenna Iheagwu Uzoma

    June 16, 2015 at 9:29 am

    I really don’t know why the GEJ should allow such to be so endemic during his administration. This breed room for easy manipulation of Government funds and corruption. If any fraud is uncovered someone should be held accountable. Nigeria Government should provide Hot Jobs for us

    • Anon

      June 16, 2015 at 10:01 am

      That’s the whole idea. Easy manipulation.

  3. Missy J

    June 16, 2015 at 9:31 am

    Nawa oohh!!! Well Baba we trust you to correct it. Please keep dishing the problems out like this so we will know where we got it wrong.

  4. Anonymous

    June 16, 2015 at 9:38 am

    When Buhari and his military dictator colleagues deliberately set up NNPC to be its own judge and jury, what was he expecting? And what has the ministry of finance got to do with NNPC having the legal right to set up accounts when it wants? Was Obasanjo not the minister of petroleum for 8 years? Why didn’t he reform the laws that govern the NNPC? Oh of course the laws were set up by the military for the military to loot the treasury. Anyway, if Jonathan had the courage to reform the operations of that opaque agency we will not be talking about Buhari. I sure hope this man Buhari will start doing and not keep talking. All he has been doing since he was elected is talk. Talk. Talk. I just tire. David Cameron announced his cabinet within 24 hours yet Buhari elected two weeks before Cameron has not even sent his nomination to the National Assembly. Na wah.

    • myk

      June 16, 2015 at 2:19 pm

      talk is cheap thatswhy u can blab about issues u ha e little understanding of. Who does NNPC remit monies to? And hasnt Buhari made it clear that he was waiting for the report from the committee he set up to look into the affairs of the nations MInistries and Agencies ,so that he would be well guided in selecton of his ministers? Hiw would u compare David Cameroon who was re-elected back to office that knows the state of the nation to Buhari who just elected and knows nothing about the true state of the nation? Smh for u ooooo.

    • nnenne

      June 17, 2015 at 2:20 am

      @myk… Re-election has nothing to do with it.
      Ideally, Buhari should have selected his ministers before inauguration.
      I thought his going to London was to have enough time and space to do some work.
      Is this the change?

    • phoenix

      June 16, 2015 at 7:39 pm

      Keep beefing him but surely he will deliver;ur brethren further compunded d you are so dumb to know that the problem of nigeria ias such out of this world.i guess u r watchin wAtsa goin on in d house.whAt can you infer from thAt?they have loot the country dry hence,scared of change.Buhari had to take his time so try and be incisive when you comment next!

  5. me

    June 16, 2015 at 9:42 am

    thank you Taipan..
    this man is just too weak for this job.him , his party and his family talk alot.they seem to be stronger as oppositions honestly.just layering blames on the past even be a minister at obasanjos regime shows how corrupt you already are.
    because game recognises game!!
    nobody will remember jonathan by the end of next month!!! saint buhari..just do your f**king job!

    • Charles

      June 16, 2015 at 10:07 am

      Hopefully, your bitterness won’t lead you to the ropes.

    • Lobatan

      June 16, 2015 at 3:32 pm

      Loquacious man @Charles. Tufiakwa, l sorry for your wife.


    June 16, 2015 at 9:57 am

    To be honest I was not so sure about GMB up until election was getting closer and certain things about GEJ’s regime were exposed. Corruption increased horribly under Goodluck I guess because he was trying to please everybody and that is just impossible in the real world. Look at this…. A mess!

  7. kelechi

    June 16, 2015 at 10:03 am

    Oya do something oooooo……………. you ave tooooo talk eeeeee

    • Tijjani B. Ilorin

      June 16, 2015 at 2:59 pm

      Kelechi. Doing some needed gradual doing expecially wen almost of our leaders were victimes of one coruption of d other.

  8. bamayi

    June 16, 2015 at 10:14 am

    Lol . Has he said they will not be found ? He is just letting you Lot know the extent of the damage that has been done. David Cameron is a returning prime minister. Buhari is Not ! . it would have taken GEJ 2mins to retain his corrupt lot . its only been 3weeks . relax….

    • nnenne

      June 17, 2015 at 2:33 am

      @bamayi.. Ideal candidates / leaders prepare both acceptance and congratulatory speeches before elections are concluded.
      They also have their ministers, at worst have an idea of people who are to work with them, before elections are concluded.
      The idea is that you should hit the ground running the first day. No excuses.
      More over PMB is an agent of charge. Why is he still comparing himself with GEJ?
      We are patently waiting for the changes.

    • nnenne

      June 17, 2015 at 2:34 am

      Agent of change.

    • nnenne

      June 17, 2015 at 2:36 am

      Meant Patiently. When you multi-task. ..

  9. nwa nna

    June 16, 2015 at 10:35 am

    Like I’ve always said GEJ was an inept leader, this is no attack on his person but just stating the obvious based on his lack of leadership. Whenever you have a weak leader, there is room for any and all things to happen under their watch i.e excessive corruption..

  10. me

    June 16, 2015 at 11:31 am

    Define weak? Anywsys, i thinkbits wrong to keep blaming the GEJ administration, forgetting he inherited it from someone. NNPC have several accounts has absolutely nothing to do with GEJ.

    Like he is the one that approves every account that is opened… biko find Diezani and accuse her

    • nwa nna

      June 16, 2015 at 12:13 pm

      @me-Weak in the sense that he was easily influenced, no backbone.. A strong leader functions independent of the influence of those around them.
      We cannot keep making excuses for mediocre leadership because that’s one of Nigeria’s many achilles.. Sure he inherited NNPC already broken, but under his watch the corruption cesspool grew under dezianni which I’m quite sure GEJ had an insight into. For crying out loud, it pisses me off to no end when Nigerians like yourself attempt to defend the so called leaders that have wasted the future of generations. If PMB loses focusfduring his tenure, you better believe as a supporter of his I’m going to call him out on it..

    • nnenne

      June 17, 2015 at 2:49 am

      @nwa nna..
      NNPC was just formed in the last regime?
      It just became corrupted?
      Who formed it? How wonderful was it before GEJ?
      Do we really need NNPC?

      PMB talks a lot. Let his changes do the talking

    • aaaaaa

      June 16, 2015 at 12:28 pm

      A leader is responsible and accountable for everything that happens on his watch. This is exactly why Nigeria is in its current state, no one is willing to take responsibility. Was the petroleum minister the president? We honestly need true leaders in this country and not just foot soldiers that find themselves in leadership roles unexpectedly! not everyone can lead!

  11. cindy

    June 16, 2015 at 12:20 pm

    Sometimes you people on BN sound so ignorant. He is at an AU summit, what else do you expect him to do than talk? Do you even know what goes on at the summit? African leaders bring their problems to the table to see how they can resolve them. You people should use your heads sometimes. Must it always be about hate? Sore losers.

  12. Lol

    June 16, 2015 at 2:43 pm

    Geez. Its okay I like to be informed of what’s going on in aso rock.
    Buhari needs to give like a weekly state of the union address.
    Nigerians were lost but now we are found.
    Fix on.

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