In a bid to uncover the mystery of the missing $20 million in the NNPC, the Federal Government on Thursday stated that forensic auditors have been appointed to carry out a detailed investigations on the activities of Corporation.
The Minister of Finance, Dr Ngozi Okonjo-Iweala disclosed this while speaking during a debate at the 24th edition of the World Economic Forum for Africa. She explained that an accounting firm – PriceWaterHouse has been appointed to carry out the exercise.
She said the move followed the recent revelations by the suspended Governor of the Central Bank of Nigeria, Mr Lamido Sanusi that the sum of $20bn was not remitted to the federation account by the NNPC.
‘Our feeling is that the only way is to have a forensic audit that would let Nigerians know the issue. There is a forensic audit that the government has approved and it is being done by PwC under the supervision of the Auditor General. They said they need 12 to 16 weeks to do that and all these would be clarified,’ she said.
