The All Progressives Congress, APC, Wednesday
faulted PricewaterhouseCoopers’ (PWC) audit
report recommending that the Nigerian National
Petroleum Corporation, NNPC, remit $1.48 billion
to the Federation Account.

The APC was of the view that the amount to be
remitted by the NNPC is more than the $1.48
billion stated by the PWC in the audit report.

Head, Policy, Research and Strategy Directorate
of the APC Presidential Campaign, Mr. Kayode
Fayemi, told Bloomberg that the APC has reliable
information about the actual amount the NNPC is
to refund, adding that the party will release the
report immediately it has full information on the
issue.

Fayemi, who was also the former governor of Ekiti
State, said the incoming administration of
Muhammadu Buhari will publish the full audit of
the NNPC and compel it to repay the government
more than the amount that was previously
recommended.

He said, “I have a figure that is more than $1.5
billion that had been talked about. We have seen
credible information that what PwC says is more
than that. We will release the report. We will
make it available to Nigerians as soon as we have
full information on this.”

Fayemi further stated that the incoming
administration may reorganise the NNPC, saying
that, “NNPC will not be in the form or shape it is
currently in. Some measure of unbundling will
happen.”

Meanwhile, Trafigura Beheer BV, the third-
largest crude oil trader, yesterday confirmed that
it had stopped doing business in Nigeria due to the
controversy that surrounded the product-swap
deal with the NNPC.

The reason it stopping doing business in Nigeria,
according to Bloomberg was due to criticism from
Non-Governmental Organisations, NGO, including
the Swiss-based Berne Declaration over swaps
deals Trafigura had conducted in Nigeria to
exchange refined petroleum products for crude oil
because the non-cash deal took place outside
regulations for banks providing trade finance.
So-called swap deals, where no money is
exchanged, have been criticized by the Berne
Declaration and other non-governmental
organizations because they take place outside the
banking system and the oversight of regulators
who supervise lending for commodity trading
transactions, Bloomberg stated.

http://www.vanguardngr.com/2015/04/audit-apc-faults-audit-report-on-nnpcs-unremitted-1-48bn/

Waste of time, My Jona and Diezani are innocent of this 20 billion allegation. These guys are always looking for ways to discredit the amiable Jonathan.
I don't have time to talk much, nuff said.

Rawani:
Some legislators actually raised alarm that the audit report presented by the NNPC was incomplete, but the issue was mysteriously swept under the carpet. The figure must be around the $20b originally alleged, yet some propagandists were trying to make GEJ's $10b election war chest seem far-fetched.

Meanwhile Emir Sanusi is looking on like...

Some legislators??... You mean "APC legislators". Because they're always looking for ways to paint the government black and bad.
No 20 billion dollars was missing, even Sanusi knows this, They asked for a forensic report, Now they have one and they're crying wolf.
Hypocrisy at its peak.

$1.48 billion disappear like that? When Buhari takes over, this kind of thing must stop!

Apc and madness dey like bread and butter. Useless party

People go too grow white hair for prison henn... This dude above me needs a room urgently at yaba left

Eyepencil:
Apc and madness dey like bread and butter. Useless party

u don't ve sense a bit.

idu1:
u don't ve sense a bit.

Mumu, born troway!

Eyepencil:
Apc and madness dey like bread and butter. Useless party

You are so angry that you throw insult at people asking that the money stolen should be returned, You must be a thief!

Eyepencil:
Apc and madness dey like bread and butter. Useless party

the amount of lies and deliberate misleading information that they emit is crazy!!!
they don't know that such misleading information turns round to haunt the Nation.
They should not worry you will see the next thing they will start saying after May 29th.
there mouth will change!

Fayemi has no moral justification to speak on this issue. Is he not the one who bought mattresses for his wife's bedroom for N50m?

May 29 will mark the beginning of their govt and they will have 4yrs to prove to nigerians the corruption in GEJ's govt until then Fayemi and APC should keep mute.

Oklander:
You are so angry that you throw insult at people asking that the money stolen should be returned, You must be a thief!

No am not a thief, am a militant!

baralatie:

the amount of lies and deliberate misleading information that they emit is crazy!!!
they don't know that such misleading information turns round to haunt the Nation.
They should not worry you will see the next thing they will start saying after May 29th.
there mouth will change!

There problem is that they don't know when to stop. I so much detest that party and their bunch of useless supporters

Its pretty obvious that the GEJ govt doctored the PWC report to suit its failed re election agenda.
Nigerians should have been curiuos to find out how come it was just d auditor general that issued an hurried public admittance of the amount owed by nnpc.
The full scale and nightmare of what d GEJ did with our national wealth and the nauseating malfeasance in grandiose scale that took place under him would only be known from may 29.
What the full PWC report and other public disclosures would reveal would shock even the devil himself.

Story for the gods, Dieziani, Aunty Okonjo, GEJ will all still answer for this

APC!
Start with OBJ's audit for 8 years!

If you believe only just this amount is missing, then you would probably believe an ostrich flew across the Atlantic ocean during winter.

For sure everything about that report is a big SCAM. As soon as GMB resumes the report should be trashed and another one carried out !!!