Nigeria News

NIGERIA: House Committee to Summon PwC on NNPC Forensic Audit Report

The Chairman of the House of Representatives Committee on Public Accounts, Solomon Adeola, has said that his committee would summon PriceWaterhouseCoopers (PwC) on the forensic audit report on the alleged non-remittance of $20 billion by the Nigerian National Petroleum Corporation (NNPC), which was submitted to President Goodluck Jonathan last week.

Adeola, who is currently a senatorial candidate for Lagos West under the All Progressives Congress (APC), said the auditor general of the federation was not in a position to comment on the forensic audit report as he was not the one that appointed the firm of the PwC in the first place and would not have been privy to the terms of reference and rules of engagement given to the auditing firm.

Adeola said the Public Accounts Committee of the House of Representatives was going to summon the auditing firm on the details of its report when the House resumes after the elections.

“The Auditor General did not appoint the auditing firm that submitted the report. What he gave the public in his press conference is a summarised version of the report and not the full report. We in the House Committee will be requesting (for) the full report. The firm was appointed by the Ministry of Finance and not the Auditor General,” he stated in a statement signed by his media aide, Kayode Odunaro and made available to Premium Times.

Adeola said as far as the House was concerned the report raised more questions than answers to the missing Nigerian money.

The Chairman of the Public Accounts Committee said the House needed to know the details of how out of $20 billion NNPC was only indicted for $1.48 billion. He said Nigerians would want to know the details of what happened to the balance of $18.52 billion in clear terms.

“One is not surprised that the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has quickly ordered the payment of the acknowledged missing $1.48 billion as this looks an easy way to bury the issue but Nigeria demands full accountability on this vexed issue,” he said.

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