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‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec - Politics (3) - Nairaland

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Emir Sanusi Reminds Nigerians Of The Alarm He Raised Over Missing $20billion-PIX / Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhouse / The Missing $20billion Dollars (2) (3) (4)

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Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by 9jatatafo(m): 11:55am On Apr 29, 2015
Let HRH Sanusi Lamido Sanusi, the Emir of Kano and Prof. Charles Soludo come with their audit reports.
This is Nigeria, the missing $20 billion will be like a mirage, the more you look the less you see. Government Magic! Turning Red To White
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by deletrue: 11:55am On Apr 29, 2015
baybeeboi:
the Fact is, there was no missing $20b.
Sanusi was being a false town-crier for APC.
This country is a place where no normal individual can explain. Sanusi just because of the usual tribal and religious hate against GEJ deceided to damage the man name by telling the world that $10m, $25m $20m are missing, just to spoil the man. May God forgive this Huasa man call Sanusi. No money is missing. Period.

1 Like

Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by nduchucks: 11:56am On Apr 29, 2015
Some of the posts on this thread seem to clearly indicate that the youths of this nation are accursed. cry

2 Likes

Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by hom555: 11:58am On Apr 29, 2015
All i see is a grand cover up of the said $20 billion stolen money because, why didn't all the parties cooperate with the auditors and release all their books when knowing it is a Presidency authorized probe? why did the Presidency only announce to the world immediately after the probe that NNPC was only to refund a little above $1 billion and not $20 billion when the just released comprehensive report just show that there were no documented evidence presented to show the expenditure of more than $15 billion as said by the parties involved (Please read the complete 199 document or the abridge version published on nairaland yesterday)? is it possible to spend such huge amounts including maintenance of the 2 Oil tankers without a receipt if it is not just a cover up? why was PWC, a reputable international audit firm given limited powers of audit (as they said, their findings aren't based on the standard international auditing/accounting practices as they based their findings on the Attorney General's opinion) and not full audit powers and to totally audit the accounts of NNPC and its subsidiaries? Why didn't the government tell Nigerians when they presented the report aboout 2 months ago that the audit firm said that this were not their opinion but those of the Attorney General of the Federation and that the audit wasn't in line with best international practices? Who recommended hiring PWC as Auditors to Mr. President and what's the person's/group's interests? Why was Sanusi summarily fired as CBN Boss when he made the startling revelations and not placed on suspension and calling a total audit on the system as he reported? these and many more questions are what we should be asking with the full report now open to all.
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by Rotimi47: 11:58am On Apr 29, 2015
What the firm say is that they were not allowed to do their job and that the actual amount missing is more than what they disclosed as they were not given necessary books to work on. SIMPLE.

2 Likes

Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by mbulela: 12:02pm On Apr 29, 2015
PWC are a funny set of clowns.
If the info you needed to do an audit that meets acceptable standards, why not throw in the towel?
you collected money and wrote 199 pages based on incomplete disclosure.
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by Nobody: 12:10pm On Apr 29, 2015
sweetguy26:
Na wa. The point is that there was no missing 20 billion dollars. That all that matters.

Can't just comprehend that some youth are so gullible to d extent of closing thre eyes of dis gross corruption.. I wonder if they got a share of the money becuz d way the first responder sounded that" ther is no money missing" is totally worrisomem
Moreover, the report does not states that money was not missing but the report is not realiable cuz they were frustrated not to do a comprehensive auditing report.
Pls. Read before u make comment..
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by Kingspin(m): 12:10pm On Apr 29, 2015
The nation is at lost on which direction suit its system of operation. Nigeria far from been a country.
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by omenka(m): 12:12pm On Apr 29, 2015
ShowYourCertificate:
There was no missing 20 billion dollars. I wonder why people are just too dumb to realise this. Sanusi and Obasanjo joined the APC and tried every means, including lying, to bring Jonathan down.
Haba bros, fear God. From what has been said, with the fact some agencies refused them access to their records, it is obvious the monies missing could even be more than what SLS stated. They even said the investigation fell short of "best practices", are you saying you don't understand what that means??

I see Buhari throwing this trash, even though it reveals quite a lot, into the trash bin ordering a holistic comprehensive investigation with full access to all records. It is an open secret those who denied them access did so with "orders from above".
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by baybeeboi: 12:13pm On Apr 29, 2015
Ephemmm:


Did you read this script at all? Even if the money is not up to 20billion, it is crystal clear that a definite amount of money is missing according to the report. Or how can report say certain amount of money has to be returned if there is nothing like that?

I said 20billion is not missing and you quote me.
Did the report say 20billion is missing?

1 Like

Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by omenka(m): 12:14pm On Apr 29, 2015
Rotimi47:
What the firm say is that they were not allowed to do their job and that the actual amount missing is more than what they disclosed as they were not given necessary books to work on. SIMPLE.
Exactly what the first two posters shamelessly ignored.
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by themanderon: 12:14pm On Apr 29, 2015
Naija is indeed a theatre of d shocked why the sudden uturn?
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by Hope15: 12:18pm On Apr 29, 2015
U don talk be that o..

otunsman:
It was during buhari's chair as minister of petroleum that the late sani abacha laundered several trillions of oil dollars and pounds that foreign countries are refunding back to Nigeria.How could abacha have looted these bogus crude oil money without buhari's connivance.?His hands are not clean too.
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by omenka(m): 12:20pm On Apr 29, 2015
nduchucks:
Some of the posts on this thread seem to clearly indicate that the youths of this nation are accursed. cry
It is a huge shame my brother.

1 Like

Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by MizMyColi(f): 12:21pm On Apr 29, 2015
undecided
nduchucks:
Some of the posts on this thread seem to clearly indicate that the youths of this nation are accursed. cry
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by Dee60: 12:24pm On Apr 29, 2015
I saw this coming....

Let the monies be returned and let FG grant amnesty to all those who taken the money + ban from public office.

I bet that more than $40 billion will be recovered.
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by omenka(m): 12:25pm On Apr 29, 2015
deletrue:
This country is a place where no normal individual can explain. Sanusi just because of the usual tribal and religious hate against GEJ deceided to damage the man name by telling the world that $10m, $25m $20m are missing, just to spoil the man. May God forgive this Huasa man call Sanusi. No money is missing. Period.
If one called you a mighty mor¤n, that would be an insult to mor¤ns around the world. You aren't worth being called one. The same Sanusi that defended Jonathan during the subsidy uprising eventually wanted to "spoil" the name of the administration because he's an "Hausa" man. When he supported Jonathan I bet he was an Ijaw or Igbo man.

Tufiakwa.

You guys that tend to bring ethnicity and religion into every single thing we discuss here are worst than terrorists in ISIS.

Very disgusting oaf.

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Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by JUNIT1(m): 12:38pm On Apr 29, 2015
This was a disclaimer of opinion and not an audit or an independent review, as a result, the report does not make a particular opinion that should be relied upon for any reason. Basically, When we,pwc, issue such reports, it is basically equivalent to having no report issued at all.
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by anigold(m): 12:41pm On Apr 29, 2015
blank:


Go and check your dictionary. Seems like you are still writing WAEC.

Since your name is "blank" thats says alot.
Miss blank grin
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by Darlduchi: 12:42pm On Apr 29, 2015
If at all such amount was missing which we know wasn't, is nothing compare to what Obasanjo who incidentally was petroleum minister as well as head of state for 8 years. Tinubu is worth more so is atiku, babangida, sanusi himself ,T.y danjuma.
To all these leaches whose strategy is to continue looting the resources of Biafrans, turn around to raise alarms to divert attention ....your games are up.
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by blank(f): 12:50pm On Apr 29, 2015
anigold:


Since your name is "blank" thats says alot.
Miss blank grin

That's so stale. Be more original.
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by 989900: 1:01pm On Apr 29, 2015
ShowYourCertificate:
There was no missing 20 billion dollars. I wonder why people are just too dumb to realise this. Sanusi and Obasanjo joined the APC and tried every means, including lying, to bring Jonathan down.

And you wonder why they call you stu.pid?

Where have you and your kind been?

Go here https://www.nairaland.com/2280952/pwc-report-latest-cbn-npdc/14#33194014 and educate yourself a little, before spewing garbage.
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by Wallade(m): 1:04pm On Apr 29, 2015
okoloikenna:
This country tire me even the so called reputable pricewater has been bought over if not how can a world class auditing firm say such crab after uve filled in ur report. The same way power sector probe was closed.

You made a valid point there and I appreciate the fact that you are the first to make this observation. How could PWC audit a corporation and it's subsidiaries, based on such magnitude of fraud allegation, come up with a final report which was relied upon to nullify the allegation and require NNPC to refund just $1 billion dollars plus. Only for PWC to deny the validity of the same report they signed, when they realized the report would be subjected to public and professional scrutiny, delivered on their letter head and got paid for. It is the height of irresponsibility, recklessness, un-professionalism and disgrace. PWC was simply perverted and they became an accomplice. Even if the the scope of work limited PWC to inadequate records or the terms of the contract hindered PWC, they could have declined the contract to keep their integrity.
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by Wallade(m): 1:15pm On Apr 29, 2015
JUNIT1:
This was a disclaimer of opinion and not an audit or an independent review, as a result, the report does not make a particular opinion that should be relied upon for any reason. Basically, When we,pwc, issue such reports, it is basically equivalent to having no report issued at all.

LOL. Were you, PWC, in your right senses and professional when you issued the report that was "basically equivalent to having no report issued at all". Your integrity is now questionable because of your desire to make money from business. Since you observed, from the terms and scope of the job, that the job was designed to be a perfect a scam. You have the choice to decline the contract offer especially to protect your professionalism and integrity.
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by idris4r83(m): 1:25pm On Apr 29, 2015
baybeeboi:
the Fact is, there was no missing $20b.
Sanusi was being a false town-crier for APC.
dont you understand simple english? PwC that conducted the forensic report said their result is implausible and you are still saying there's no money lost. Which kain school u attend sef?
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by Jchi9876: 1:27pm On Apr 29, 2015
baybeeboi:
the Fact is, there was no missing $20b.
Sanusi was being a false town-crier for APC.

omo igbo to dunce
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by biafranqueen: 1:28pm On Apr 29, 2015
baybeeboi:
the Fact is, there was no missing $20b.
Sanusi was being a false town-crier for APC.
Correct!
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by biafranqueen: 1:30pm On Apr 29, 2015
ShowYourCertificate:
There was no missing 20 billion dollars. I wonder why people are just too dumb to realise this. Sanusi and Obasanjo joined the APC and tried every means, including lying, to bring Jonathan down.
It was glaringly obvious especially when Sansui changed the amount missing 4 times. I hope he will be a better Emir then he is a banker......
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by ogundeleai(m): 1:48pm On Apr 29, 2015
What this audit coy don't realised is that they have fallen to Nigeria dubious way of doing things and their much earned so called image will soon be dragged into the mud..The revelation we have been hearing and subsequent that will follow will expose the truth that have been covered with PWC that was paid to unravel missing fund.. The hunter will later to be hunted

1 Like

Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by openmine(m): 1:50pm On Apr 29, 2015
hmmm...
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by afuye(m): 1:58pm On Apr 29, 2015
That isn't an insult..
anigold:


another example of E-insulting...
People who cant just post politely...
Re: ‘Missing’ $20billion Oil Money: Our Audit Report Not Reliable — Pricewaterhousec by nurey(m): 2:16pm On Apr 29, 2015
The fact is $20billion dollars or more was actually missing, but buharis new audit won't find upto that because the missing funds as we are currently reading is been returned back and some accounts are been inflated to balance the necessary account.

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