Compliance Audit of the Accounts of Net Oil Revenue of the Oil Producing States and Communities 2011-2020
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The Auditor General, Steven K Wondu, has issued a report on the Compliance Audit of the Accounts of 2% and 3% Share of Net Oil Revenue of the Oil Producing States and Communities at the Ministry of Finance and Planning, Bank of South Sudan, Unity State, Upper Nile State and Ruweng Administrative Area, 2011-2020. The report revealed a series of irregularities in the management of petroleum revenue contrary to the law.
The report revealed that over $50 million, part of 2% and 3% shares meant to be paid to oil-producing states. was misappropriated. The oil-producing areas of Ruweng Administrative Area, Upper Nile and the Unity States have been deprived of a sum of $50 million from 2011 to 2020.
Over $17 million was lost in just one year to unauthorized companies and entities. The Ministry of Finance says it has started enforcing reforms to ensure there is transparency in the management of revenues.
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