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