opiaoku:
cramjones otu nne i ebea

opiaoku:
cramjones otu nne i ebea

TheGoodJoe:
My eyes are on Udom Emmanuel, Governor elect of Akwa-Ibom State. He was one of those who handled the Auditing of NNPC with Price WaterHouse Coopers. He used to work with PWC and he also worked with Zenith Bank, the bank who allegedly helped in the stealing of the funds.

Note the Zenith Bank Manager, Godwin Emefiele who was made the CBN Governor denied PWC access to the accounts.

Whatever investigation that goes on into this NNPC Audit, the Presidency's should put his eyes in udom Emmanuel.

cramjones:
When a globally respected auditing firm like Price Water House Coopers tells you that “the procedures we performed did not constitute an examination or review in accordance with generally accepted standards or attestation standards.” If anytime took time to read the audit, PWC claimed that a NNPC denied a number of accounts the requested access too, and CBN also declined same. If this is true, which I believe is, then do anyone in his/her right senses think the PWC should be taken as face value. The truth is money was stolen, huge amounts of it, and we must find out how much and who partook in this loot!

The APC leadership as requested General Mohammadu Buhari to higer McKinsey and Co to do another audit. PWC knew that this was a possiblity and as a globally respected company thy added the clause saying the audit they did was by no means half complete. GMB will definitely get to the bottom of this, and GEJ and his co-thiefs will end of up jail!

Nigerians will NEVER accept massive looting to that scale. We must get to the root of the matter.

-CramJones

Nigerians will NEVER accept massive looting to that scale. We must get to the root of the matter.

ferhyntorlah:
Is that so? I see that CBN governor being removed.

Buhari Indirectly Indicts Himself - NNPC

The Corporation, in a statement by its Group General Manager, Public Affairs, Ohi Alegbe, on Friday in Abuja, described Buhari's allegation as “political mischief”.



Says if Buhari insists on NNPC having two accounts, then Buhari must have stolen the 2.8 Billion dollars in 1978

"The Nigerian National Petroleum Corporation (NNPC) has responded strongly to the allegation of fraud levelled against it by former Head of State and presidential candidate of the All Progressives Congress (APC), Gen. Muhammadu Buhari (rtd), saying such claims were untrue.

It further stated that if by making the allegation in his acceptance speech at the just concluded convention, Buhari wanted the Nigerian public to believe what he had said, then it might as well be good for him to concede that the allegation of a missing $2.8 billion oil money against the NNPC under his watch as minister of petroleum was true.

NNPC said that coming from a former petroleum minister under whose watch a similar allegation of fraud was made, Buhari’s statement smacks of political mischief as he should know better than to peddle “beer palour gossip as facts.”

Said NNPC: “It is sad that General Buhari, one of the founding fathers of the NNPC who himself has tasted of the virulent but false allegations deliberately concocted to cast the corporation and the public sector management of the nation’s oil and gas industry in bad light, would be the one to allege that NNPC runs two sets of account books, one for public consumption and another for insiders.

“We consider General Buhari’s allegation in bad taste as it is nothing but a deliberate political mischief calculated to cast the corporation in opprobrium all in a bid to shore up his political capital.

“We find it difficult to understand how a former head of state who has also served as minister of petroleum resources could believe that NNPC keeps two sets of account books to perpetrate fraud, knowing that NNPC is the most audited and scrutinised agency in the country.

"In the past one year alone, the corporation has had its books scrutinised and audited by the senate committee on finance and an external auditor, PriceWaterhouseCooper (PWC). Is it possible for the accounting discrepancies insinuated by General Buhari to escape the attention of such internationally-acclaimed auditors? “And in any case, why would an alleged fraudulent corporation keep two sets of accounting books knowing that such could be used as evidence against it?.”

The statement continued: “We hereby state emphatically that NNPC neither keeps two sets of account books nor is aware of the existence of such as the corporation is run in line with international best practice.

“If General Buhari believes such false information that are usually the subject of beer parlour gossip was true, would he rather that the Nigerian public believe that the allegation of missing $2.8 billion oil money against the NNPC under his watch as minister of petroleum was true?”

It therefore asked the Nigerian public to discountenance the allegation as there was no iota of truth in it."


http://www.thisdaylive.com/articles/nnpc-to-apc-presidential-candidate-we-dont-keep-two-accounts/196590/

tuniski:
the audit is not of CBN why are they asking of CBN accounts? The should only request information on account for which CBN will oblige. Yeye let buhari come and do his probe and shame himself!

ferhyntorlah:
Lick honey twice daily to cure the bitterness in you. Peace to you.

Kanwuliajeje:


[size=20pt]PTF Fraud: How N25 Billion was stolen under Buhari’s watch[/size]
The Petroleum Trust Fund was inaugurated by the Abacha administration in March 1995 and General Muhammadu Buhari was appointed to head the Fund which was formed sequel to the increase in the pump price of petrol to N 11 from N 3.25. The then Head of State, Gen Abacha had said then that the Fund was to distribute the gain from the increased price on social and infrastructural projects.