President orders immediate release of NNPC audit report

The audit was undertaken by PriceWaterHouseCooper after allegations made by former Central Bank Governor, Sanusi Lamido Sanusi that the NNPC had failed to remit $20 billion into the Federation Account.

President Goodluck Jonathan

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

The audit was undertaken by PriceWaterHouseCooper after allegations made by former Central Bank Governor, Sanusi Lamido Sanusi that the NNPC had failed to remit $20 billion into the Federation Account.

The order to release the reports was given by the President on April 27, 2015, via a statement issued by his media aide, Reuben Abati.

It reads in part:

“President Jonathan is also deeply concerned by the continuing suggestions that his administration still has anything to hide about the unproven allegation that about $20 Billion is unaccounted for by the NNPC during his tenure.”

“To lay the matter to rest, President Jonathan in line with Section 7(2) of the NNPC Act, has directed that the full report of the PWC Forensic Audit of the NNPC accounts be released immediately to the public so that all Nigerians will be properly informed on the matter.”

President-elect, Muhammadu Buhari had stated on Sunday, April 26, 2015 that his administration would conduct a fresh probe into the allegations made by Sanusi.

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