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Reps Demand Full PWC Report On NNPC Missing $20Billion

The House of Representatives have asked the Presidency to tender the full report of the forensic audit conducted by PriceWaterhouseCoopers  PWC on the alleged missing … Continue reading Reps Demand Full PWC Report On NNPC Missing $20Billion


Nigeria, NNPC

nnpcThe House of Representatives have asked the Presidency to tender the full report of the forensic audit conducted by PriceWaterhouseCoopers  PWC on the alleged missing $20 billion from the Nigeria National Petroleum Corporation (NNPC).

A motion raised by Femi Gbajabiamila said that more than eight months after the Federal Government engaged the international audit firm, and over two weeks after formal presentation of the forensic report, the Federal Government was yet to make the findings known.

The minority leader of the House said that such a matter that has generated so much public outcry ought not to be ignored, saying tendering the report before the House would allow the situation be put in proper perspective.

The Group Managing Director, GMD, of the NNPC, Joseph Dawha, had said earlier that the investigations carried out by PricewaterhouseCoopers PWC over the alleged missing $20 billion oil money, did not indict the corporation in anyway.

Mr. Dawha also said the report “has clearly vindicated our long held position that the alleged unremitted crude oil revenue was a farce from day one”.