The Nigerian National Petroleum Corporation and the Nigerian Petroleum Development Company were on Thursday indicted by the investigative forensic audit done by PriceWaterHouse Coopers into the allegations of unremitted funds to the Federation Accounts.
In the report, the accounting firm asked both organisations to refund to the federation account “a minimum of $1.48bn.”
PriceWaterHouse, was last year hired to carry out the exercise following an allegation by the former Governor of the Central Bank of Nigeria, Lamido Sanusi, that $20bn was not remitted to the Federation Account by the NNPC.
Sanusi, who is now the Emir of Kano, had written a letter to President Goodluck Jonathan that $49bn was not remitted to the Federation Account by the NNPC.
But following the controversy which the letter generated, a committee was set up to reconcile the account.
Sanusi later recanted and said the unremitted fund was $12bn which he later changed to $20bn.
More details to follow shortly..
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BEFORE NKO? WE KNEW THIS LONG AGO. IT WAS OBVIOUS.SHOULD THEY CRUCIFY SOLUDO AND SOME OF US THE VOCAL VOICES. NIGERIA WILL SURVIVE THESE CORRUPT PEOPLE WHO THINK THAT CORRUPTION IS MERELY STEALING. LET'S WAIT AND SEE THEIR REACTIONS. THEY WILL PROBABLY CALL IT A PDP FAMILY AFFAIR. Jay 2, Abuja.
ReplyDeleteIts a shame that the report has been doctored to favour GEJ and his cohorts. They will now say that Sanusi lied!. God is watching, 1.47 Billion USD? where is circa 18 billion USD?
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