Reps Demand Copy of NNPC Forensic Audit Report

Posted by African Examiner Featured, Latest Headlines Thursday, February 19th, 2015

Ayodele Afolabi, Abuja – The House of Representatives has asked the Presidency to furnish its committee on public account with the recent report of forensic audit of the Nigeria National Petroleum Corporation (NNPC).

The House resolved to ask for the report as an interested party who had probe the corporation on the subject.

The resolution followed a motion moved under matters of urgent public importance by the Minority Leader, Hon. Femi Gbajabiamila, who said since the report was presented to President Goodluck Jonathan on February 2, 2015, by Price Water House Coopers nothing was heard of it.

He noted that the government neither briefed the general public nor the National Assembly on the details of the report.

The minority leader explained that the House was acting in compliance with the Freedom of Information (FOI) Act.

The lawmaker stated that the report is to be forwarded to the Solomon Olamilekan-led Committee on Public Accounts.

He recalled that former Governor of Central Bank of Nigeria (CBN), and current Emir of Kano, Sanusi Lamido Sanusi had before leaving the apex bank alleged that about $20 billion was not remitted to the federation account by the NNPC, adding that the allegation generated widespread agitation.

He said that the concerns prompted the Presidency, through the Minister of Finance, Dr Ngozi Okonjo-Iweala to engage the renowned audit firm to carry out a detailed forensic audit of the Corporation, report of which was recently made available to President Jonathan.

Price Water House Coopers had in the report indicted NNPC of not remitting $1.48 billion, recommending that the sum be refunded.