Nnamdi Ebo | NewsBlog

In my NewsBlog Nnamdi Ebo, I provide perspectives on news, events and analysis of unique stories, and I also offer original content, articles and photos; with contributions from some of the best minds.

Nnamdi Ebo | NewsBlog

In my NewsBlog Nnamdi Ebo, I provide perspectives on news, events and analysis of unique stories, and I also offer original content, articles and photos; with contributions from some of the best minds.

Nnamdi Ebo | NewsBlog

In my NewsBlog Nnamdi Ebo, I provide perspectives on news, events and analysis of unique stories, and I also offer original content, articles and photos; with contributions from some of the best minds.

Nnamdi Ebo | NewsBlog

In my NewsBlog Nnamdi Ebo, I provide perspectives on news, events and analysis of unique stories, and I also offer original content, articles and photos; with contributions from some of the best minds.

Nnamdi Ebo | NewsBlog

In my NewsBlog Nnamdi Ebo, I provide perspectives on news, events and analysis of unique stories, and I also offer original content, articles and photos; with contributions from some of the best minds.

 

President Jonathan orders release of full audit report of NNPC

The report of forensic audit conducted by the audit firm of PriceWaterhouse Coopers (PWC) on behalf of the Federal Government of Nigeria on the operations of the Nigerian National Petroleum Corporation (NNPC), which indicted the Corporation for various questionable transactions, is indicative of the failure of government in its responsibilities.

The accounts of the NNPC, which had not been audited in several years, was only commissioned following allegation by the former Governor of the Central Bank of Nigeria (CBN), Alhaji Sanusi Lamido Sanusi, now the Emir of Kano, Muhammad Sanusi II, that the NNPC failed to remit some monies, accruing from crude oil sales into the Federation Account.

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Download below, the full report of the PriceWaterhouseCoopers (PWC) forensic audit on the missing $20billion oil money . . .

President Goodluck Jonathan has ordered the immediate release of the full audit report of the Nigerian National Petroleum Corporation (NNPC) accused of diverting $20 billion oil money.

NNPC . Graph of Dieziani Alison.Madueke & her NNPC Mgt team. Graph by Daily Trust

Photo above: Graph of the Minister of Petroleum, Dieziani Alison Madueke, & her NNPC Mgt team | Graph by the Daily Trust.

The president gave the directive Monday, a day after the president-elect Muhammadu Buhari, pledged to launch an investigation into the claim made by a former governor of the Central Bank of Nigeria, Lamido Sanusi.

The government immediately released the report following the president’s directive. The presidency criticised the All Progressives Congress, APC, for accusing Mr. Jonathan of indulging in last minute illegal acts ahead of handover of power on May 29.

“President Jonathan is also deeply concerned by the continuing suggestions that his administration still has anything to hide about the unproven allegation that about $20 Billion is unaccounted for by the NNPC during his tenure,” said a statement by presidential spokesperson, Reuben Abati.

“To lay the matter to rest, President Jonathan in line with Section 7(2) of the NNPC Act, has directed that the full report of the PWC Forensic Audit of the NNPC accounts be released immediately to the public so that all Nigerians will be properly informed on the matter.”

Download Full Report here.

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