The audit firm PriceWaterHouseCoopers on behalf of the
Federal Government after investigation of the financial proceedings
within the Nigerian National Petroleum Corporation (NNPC) has accused
the leadership of the company for various questionable transactions.
Nigeria’s government signed a contract with an audit firm in March last year to analyze claims of financial impropriety in the corporation after ex CBN Governor, Sanusi Lamido Sanusi, made an alarm that $20bn was missing from the coffers of the NNPC.
President Goodluck Jonathan got the report from the firm on Monday, February 2nd.
According to Premium Times, part of the recommendations in the audit report say the Nigerian Petroleum Development Company (NPDC) shall reimburse the approximately $1.48billion to the Federation Account for different un-reconciled transactions.
The Jonathan administration had on March 12, 2014 declared, through a comment by the president’s spokesperson, Reuben Abati, that it had accredited the engagement of reputable international firms to carry out the forensic audit of the accounts of the NNPC.
The claim that the huge amount had been stolen was raised in 2013 by a former governor of the Central Bank of Nigeria, Lamido Sanusi, who is now the Emir of Kano.
Sanusi said as much as $49 billion was diverted by state oil company, the NNPC. He later corrected himself by claiming that $20bn was missing, urged for a full and independent investigation.
Nigeria’s government signed a contract with an audit firm in March last year to analyze claims of financial impropriety in the corporation after ex CBN Governor, Sanusi Lamido Sanusi, made an alarm that $20bn was missing from the coffers of the NNPC.
President Goodluck Jonathan got the report from the firm on Monday, February 2nd.
According to Premium Times, part of the recommendations in the audit report say the Nigerian Petroleum Development Company (NPDC) shall reimburse the approximately $1.48billion to the Federation Account for different un-reconciled transactions.
The Jonathan administration had on March 12, 2014 declared, through a comment by the president’s spokesperson, Reuben Abati, that it had accredited the engagement of reputable international firms to carry out the forensic audit of the accounts of the NNPC.
The claim that the huge amount had been stolen was raised in 2013 by a former governor of the Central Bank of Nigeria, Lamido Sanusi, who is now the Emir of Kano.
Sanusi said as much as $49 billion was diverted by state oil company, the NNPC. He later corrected himself by claiming that $20bn was missing, urged for a full and independent investigation.
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