Tuesday, April 28, 2015

Audit Report: No $20bn missing but cites several infractions by NNPC

Anxious to debunk claims that he has something to hide in relation to the allegation that $20 billion was unaccounted for by the Nigerian National Petroleum Corporation (NNPC) during his tenure, President Goodluck Jonathan on Monday ordered that the full report of PricewaterhouseCoopers’ (PwC) forensic audit of the corporation be released immediately to the public so that all Nigerians will be properly informed on the matter.          
But while the audit did not mention any missing funds, only requiring NNPC’s exploration and production (E&P) subsidiary – the Nigerian Petroleum Development Company – to remit $1.48 billion to the Federation Account, the report did raise many pertinent questions.
A review of the 199-page PwC report by THISDAY showed that it did not deviate from the highlights of the report released by the Auditor-General of the Federation (AuGF), Mr. Samuel Ukura on February 4, 2015 and the recommendation that NPDC should remit $1.48 billion to the Federation Account.

1 comment :

  1. Oops, I remember I want to post the audit report. I shall be back