The Auditor General of Pakistan (AGP) has unearthed massive irregularities in the National Bank of Pakistan (NBP) from 2012 to 2020, causing the national exchequer a loss of over Rs. 235 billion.
According to details, the audit has been carried out by the Director-General Commercial Audit and Evaluation Karachi wing of the AGP. The report has identified 117 instances of misappropriations, irregularities, non-recoveries, and violations of rules in the NBP during the period under observation.
Here is a list which details all the instances of the irregularities in the NBP.
| S. No | Subject |
| 1. | Irregular appointment, promotions, and deputation of SEVP/Group Chief (Logistic) – Rs.813.18 million |
| 2. | Irregular appointment of SEVP/ Head (International Banking) – Rs. 33.980 million |
| 3. | Irregular appointment of Chief Technology Officer/Group Chief -Rs.33.252 million |
| 4. | Irregular appointment of SEVP/Group Chief/ Head (HR) – Rs.33.980 million |
| 5. | Irregular appointment & promotion of SVP/Head of Compensation & Benefits – Rs.13.806 million |
| 6. | Irregular appointment of EVP / Senior HR Business Partner – Rs. 14.195 million |
| 7. | Irregular appointment of EVP / Senior HR Business Partner – Rs. 8.500 million |
| 8. | Irregular appointment of SVP/ Chief Security Officer – Rs.6.00 million |
| 9. | Irregular appointment of SEVP/Group Chief (Chief Risk Officer) – Rs.24.208 million |
| 10. | Un-authorized payment of salary to SEVP without joining the Bank -Rs.24.208 million |
| 11. | Irregular appointment of employees without advertisement – Rs.267.635 million |
| 12. | Irregular appointment & promotion of SVP/ Corporate Head – Rs.36.190 million |
| 13. | Irregular appointment of Vice President (VP) / Executive Logistic Support- Rs.20.349 million |
| 14. | Illegal/defective appointment of President/CEO (NBP) – Rs. 307.17 million |
| 15. | Irregular appointment as Chairman, Board Specialized Committees – Rs. 3.278 million |
| 16. | Irregular appointment of Chairman, Board of Directors |
| 17. | Irregular appointment of Manager (E-Remittances) – Rs.14.502 million |
| 18. | Irregular appointment of SVP/ Head of Organizational Effectiveness – Rs. 9.902 million |
| 19. | Irregular appointment of EVP/ Divisional Head (International Business Strategy) – Rs. 16.380 million |
| 20. | Irregular & unlawful appointment of SVP/Wing Head-Recruitment & Placement – Rs.17.728 million |
| 21. | Irregular deployment of Senior Executive Vice President (SEVP) on deputation and payment of benefits – Rs. million |
| 22. | Irregular appointment of EVP/Divisional Head (Learning & Development)- Rs.7.200 million |
| 23. | Irregular appointment of EVP/Head of HR Governance – Rs.9.500 million |
| 24. | Irregular appointment of employees after attaining the age of superannuation – Rs.611.065 million |
| 25. | Irregular appointment of VP/Research Associate for Chairman (BoD Secretariat) – Rs.4.200 million |
| 26. | Irregular appointment, promotion & extension of contract beyond 60 years of EVP/Secretary Board – Rs.51.570 million |
| 27. | Irregular payment in lieu of end service benefits – Rs. 29.396 million |
| 28. | Irregular appointment of Vice President/HR Business Partner – Rs. 6.480 million |
| 29. | Wasteful expenditure on employment of Special Assistance at Chairman Secretariat (BoD) on retainer ship basis – Rs. 4.500 million |
| 30. | Irregular appointment of SVP/Wing Head (HR Operations) -Rs.18.92 million |
| 31. | Irregular appointment of SVP/Head of Leadership Development – Rs.4.400 million |
| 32. | Irregular appointment of Vice President /Wing Head (Engineering Wing) – Rs.6.300 million |
| 33. | Irregular/unauthorized employment of staff at Chairman Secretariat (BoD) – Rs.18.840 million |
| 34. | Irregular Appointment of Vice President/Wing Head (Corporate Investment Banking) – Rs.14.320 million |
| 35. | Irregular appointment of HR Business Partners on favoritism basis – Rs.7.343 million |
| 36. | Irregular appointment of Vice President (VP) – Head of Business Technology – Rs. 28.440 million |
| 37. | Excess payment to BoD members in violation of Finance Division directives – Rs. 6.556 million |
| 38. | Irregular appointment of Vice President/Wing Head (AML-CFT) – Rs. 9.870 million |
| 39. | Irregular appointment of Legal Advisory Associate through defective criteria – Rs. 1.750 million |
| 40. | Irregular appointment of Executive Secretary on favoritism basis – Rs.1.050 million |
| 41. | Irregular payment in lieu of un-availed privilege/annual leave – Rs.1.459 million |
| 42. | Irregular appointment of executives/officers without the involvement of Head Hunters – Rs.72.462 million |
| 43. | Loss due to defective club membership policy – Rs. 72.637 million |
| 44. | Loss due to irrational dual club membership – Rs. 7.310 million |
| 45. | Loss due to the inappropriate procedure adopted in hiring Consultancy Firms – Rs. 13.621 million |
| 46. | Mis-procurement in awarding a contract for the hiring of Head hunters without tendering – Rs. 52.779 million |
| 47. | Wasteful /irrational expenditure on hiring Head hunters – Rs. 103.086 million |
| 48. | Undue favor by acquiring House Building Finance at the appointment – Rs. 287.028 million |
| 49. | Irrational/defective buy-back policy of vehicles – Rs. 83.462 million |
| 50. | Irregular payment to Head hunter/consultant in violation of consultancy agreement – Rs. 2.706 million |
| 51. | Irregular promotion on defective/irrational policy |
| 52. | Irregular promotion of 75 Officers/Executives in violation of Promotion Policy |
| 53. | Non-verification of educational certificates and antecedents through Head hunters/ Consultants |
| 54. | Loss due to delayed verification process initiated against fake degrees/certificates holders |
| 55. | Unlawful retention of convicted officials in harassment case |
| 56. | Overstay allowed to employees at foreign branches |
| 57. | Delay in the verification of degrees and antecedents |
| 58. | Non-production of auditable record |
| 59. | Irregular disbursement of loan in Bangladesh branches – Rs. 25,842.86 million (USD 164.04 million) |
| 60. | Loss on the penalty imposed by SBP/other Regulatory Bodies – Rs. 3,322.304 million |
| 61. | Non-recovery of no-performing loans of NDFC (defunct) – Rs.3,592.901 million |
| 62. | Loss on purchase of shares at higher rates – Rs. 2,331.546 million |
| 63. | Non-transfer of ownership of PSO shares – Rs. 8,193.241 million |
| 64. | Loss on sale of land at lesser rates – Rs.65.500 million |
| 65. | Non-recovery from defaulters – Rs. 18,967.81 million (USD 120.400 million) |
| 66. | Loss due to non-recovery of outstanding principal – Rs. 6,132.678 million |
| 67. | Blockade of funds by investment in unquoted securities –Rs. 437.886 million |
| 68. | Non-utilization/disposal of non-banking assets acquired in satisfaction of claims – Rs. 3,968.329 million |
| 69. | Loss due to excess payment of interest on deposit accounts – Rs. 4.353 million |
| 70. | Unrealized loss on forwarding foreign exchange contracts –Rs. 7,276.90 million |
| 71. | Unrealized loss on put option – Rs. 306.339 million |
| 72. | Loss on purchase of shares at higher rates –Rs. 2.414 million |
| 73. | Loss due to non-recovery of outstanding interest – Rs. 11.973 million |
| 74. | Non-recovery against Nostro Foreign Accounts – Rs. 4.794 million |
| 75. | Loss due to poor performance of Groups/Department – Rs.70,087.67 million |
| 76. | Wasteful expenditure on the investigation of Bangladesh Operations- Rs.10.00 million |
| 77. | Violation of Accounting Standard IAS-8 (Change in Accounting Estimates and Errors) – Rs. 286.00 million |
| 78. | Outstanding entries of Nostro Foreign Accounts – Rs. 8,097.709 million |
| 79. | Non-recovery of outstanding advances -Rs. 52,882 million |
| 80. | Irregular investment in companies by holding shares more than 30% |
| 81. | Non- resolving of suspicious transaction alerts in violation of the Anti-Money Laundering (AML) Act |
| 82. | Violation of SBP Regulations and Anti-Money Laundering (AML) Act |
| 83 | Non-obtaining of audited financial statements/Wealth Statement of borrowers in violations of Prudential Regulations |
| 84. | Weak Internal Control Systems in NBP, Bangladesh branches |
| 85. | Loss due to cash shortage in Vault and ATM at Nowshera Road Branch – Rs. 12.516 million |
| 86. | Embezzlement/misappropriation in FE-25 loans, FIM, and Bill of Exchange– Rs. 2,787 million |
| 87. | Loss due to non-deposit of the amount into Federal Treasury at KDA Civic Centre Branch, Karachi – Rs. 307.436 million |
| 88. | Fraud/forgery in SSP Officer Account at Kandhkot Branch, Larkana – Rs. 215.705 million |
| 89. | Embezzlement of  Government  funds (DPO Account-Gujrat)– Rs. 630.800 million |
| 90. | Misappropriation/embezzlement in Government pension payment at main branch, Kotri, Hyderabad – Rs. 70.723 million |
| 91. | Loss due to fraudulent activities in Khuzdar Cantt Branch– Rs. 19.219 million |
| 92. | Loss due to fraud/embezzlement in Government Treasury at Pano Akil City Branch – Rs. 309.452 million |
| 93. | Loss due to misappropriation of funds / internal fraud engaging at Khanaspur Ayubia & Khairagali Branches, Abbottabad – Rs. 472.539 million |
| 94. | Loss due to embezzlement of funds at Qamrooti Branch, Mirpur (A.K) – Rs. 44.899 million |
| 95. | Loss due to dacoity during transportation from Taftan to Dalbadin (Chest), Regional Office, Quetta– Rs. 53.00 million |
| 96. | Loss on disbursement of bogus Agriculture Finance – Rs.20.385 million |
| 97. | Misappropriation/embezzlement through accounts of demand finance gold – Rs. 70.723 million |
| 98. | Loss due to fraud at Timber Market Branch, Multan– Rs. 31.307 million |
| 99. | Loss due to unauthorized debit to GL Heads ATM Cash at Loralai Branch, Sibi – Rs. 67.240 million |
| 100. | Loss due to fraud by Manager, Serhota Branch District, Kotli Mirpur (AJK)– Rs. 21.018 million |
| 101. | Loss due to fictitious/flying general entries at Jhang branch – Rs. 28.131 million |
| 102. | Misappropriation/shortage in cash at Jutial Cantt Branch, Gilgit– Rs. 17.105 million |
| 103. | Loss due to replacement of original gold ornaments with fake ones– Rs. 13.587 million |
| 104. | Fraudulent withdrawal through IBT from the account at Anarkali Branch, Lahore– Rs. 11.237 million |
| 105. | Misappropriation/shortage in cash vault at Remount Depot Branch, Sargodha – Rs. 13.155 million |
| 106. | Loss due to cash shortage at Main Branch, Multan – Rs. 14.430 million |
| 107. | Loss due to negligence of bank staff at Nazimabad Branch, Karachi – Rs. 32.00 million |
| 108. | Loss due to theft of gold ornaments at Thandkoi Branch, Mardan – Rs. 51.00 million |
| 109. | Loss due to fraudulent pension payment at Dera Allah Yar Branch, Sibi –Rs. 8.201 million |
| 110. | Embezzlement/misappropriation at Model Branch Clifton, Karachi – Rs.5.900 million |
| 111. | Loss due to fraudulent payment from an account at Durand Road Branch, Lahore – Rs. 8.700 million |
| 112. | Embezzlement through payment of tampered/altered payment order –Rs. 7.051 million |
| 113. | Loss due to embezzlement by staff members at AIB Gulistan-e-Johar Branch, Karachi – Rs. 3.378 million |
| 114. | Loss due to fraud through fake property loan against Saibaan Scheme – Rs. 3.458 million |
| 115. | Loss due to misappropriation/embezzlement in NBP Advance Salary Accounts at Abbaspur Branch, Muzaffarabad – Rs 2.487 million |
| 116. | Loss due to penalty imposed by SBP on violation of Foreign Exchange Regulations Act, 1947 – Rs. 1,200.718 million |
| 117. | Irregular disbursement of loan to M/s Hascol Petroleum Limited -Rs. 14,150 million |
| Total: Rs. 235,823.9 million |
