August 21, 2017

NNPC, CBN, other govt agencies for audit

NNPC, CBN, other govt agencies for audit

The Federal Government has hired two international audit firms, KPMG and Price Waterhouse Coopers (PwC), to conduct a forensic audit of its revenue-generating departments and agencies covering the period between 2012 and May 2015.

The two firms were selected by a five-man committee of the National Economic Council (NEC) which made the announcement on Thursday, August 13, 2015 at the Presidential Villa after its second meeting during which it was also briefed by several of the agencies under probe.

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Members of the committee, which was set up at NEC’s inaugural meeting two months ago, are Governors Adams Oshiomhole (Edo); Nasir el-Rufai (Kaduna); Emmanuel Udom (Akwa Ibom); Ibrahim Dankwambo (Gombe) and Akinwunmi Ambode (Lagos).

The affected government agencies include the Nigeria National Petroleum Corporation (NNPC); Central Bank of Nigeria; Federal Inland Revenue Service; Nigeria Customs; Department of Petroleum Resources; Nigeria Maritime Administration and Safety Agency (NIMASA); Securities and Exchange Commission; National Petroleum Development Company (NPDC) and many others. Read more

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