Read full audit report on company’s accounts

The audit was conducted by PriceWaterHouseCooper after former Central Bank Governor, Sanusi Lamido Sanusi alleged that the NNPC failed to remit $20 billion in oil funds into the Federation Account.

NNPC Group General Manager, Public Affairs Division, Ohi Alegbe

President Goodluck Jonathan has ordered the release of an audit report conducted into the accounts of the Nigerian National Petroleum Corporation (NNPC).

The PwC however recommends that the NNPC refund $1.48 billion and not $20 billion as originally reported.

Jonathan ordered the release of the full report after President-elect, Muhammadu Buhari stated that his administration would conduct a fresh probe into the allegations of missing money.

Get the full report below:

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

COVID-19: China donates 470,000 doses of vaccine to Nigeria

Buhari asks contractors to engage in CSR, says he doesn’t need their cheques

Union of Pensioners apologises to Ngige over members’ unethical action

Zamfara govt donates N15m to families of police personnel gunned down by bandits

Public display of affluence dangerous, DSS warns Nigerians

Kano govt makes NIN compulsory for secondary school students

Buhari begs historians, intellectuals to be fair in assessment of his govt

Support fight against criminality in South-East, Irabor urges ex-military officers

Court orders DSS to produce detained Igboho's aides in court