Classicalman:
Illiterate commentators. Have any of you anti Jonathians gone through the report? Of course you are too lazy to read but have the strength to abuse.

abu12:


You lied NPDC is the major culprit, NPDC is a subsidiary under NNPC,who failed to remit found 2 NNPC, NPDC is in-charge of subsidy payment and not nnpc. They are the once sanusi accused of not remitting found to cbn.

tbaba1234:


PwC did its job, they are a consulting ffirm. They are not expected to go to the press if they have issues. They put in their report. They stated their limitations in their report.

i. Do you have the terms of the contract??

PwC standard in Nigeria is as good as anywhere in the world. I know them very well.

Xetima:
How do they select members of the finance committee of the House self? Adeola is clearly an 'illiterate' in this matter.

lekandauda1234:
Sorry, let me educate you. In the first place when the missing dollar crises blew open, the minister for finance promised us "forensic audit" of NNPC books. What most Nigeria expected is a thorugh look into of the books and its very baffling that a company of PWC status will allow themselves to be used to cover a grevious sleaze. Its God working for Nigeria that made GEJ lost the election, else they have fooled themselves that a forensic audit has been done. I need to ask you, to what accounting purpose would that review which PWC themselves has placed a disclaimer be put? Let us avoid commenting on issue with blind sentiment

Eruditor:


I agree with you but not really. NNPC tried to bamboozle Nigerians with what became of the 20B SLS complained of so they said 3 major things.

1. That 9.9B or so was used to offset subsidy bills accrued to kerosene.

2. That 5.11B was for NPDC whose assets from shell were sold and the money directed to NNPC (Parent company and not NPDC)

3. That they had various bills to offset like environmental remediation, Petrol Subsidy etc.

They claimed these 3 major things make up the 20B.

SLS refuted all these claims. He argued that Kerosene subsidy was cancelled by Yar Adua in 2009. He disbelieved the NPDC excuse and made the NA ask the then MD of NPDC if the 5.11B came to NPDC. The man denied it. Andrew Yakubu of NNPC could not even rebuff the man's denial. He simply said they would re-investigate it. Shortly after, the MD of NPDC was sacked. Your guess is as good as mine as to why that happened. The new one, Victor Briggs now refused to open their accounts to PwC. Same way Emefiele refused to do so with CBN account.

So PwC rightfully concluded that 1.48B is the minimum amount of money missing and should be refunded and they did so based on the little information they had at their disposal. A new probe will prove SLS right.

Reference:


Haha. Whip who into line. An organisation controlling 400,000 barrels of oil a day. Can you whip ya mama who feeds you. Big oil is a curse.

Eruditor:


Don't bamboozle the audience. To forensically look for the 20B dollars they must of necessity audit NNPCs accounts and dealings. They are connected.

wilybebsy:
Bleep jona

kolomax:
the Guy Above me need serious prayers

oweman:
Honestly i never knew there so many looters agents on nairaland !
So people can so brazenly suport looting of thier nation like this .
One thing sm sure is the people Gen. Is not likely be swayed by all this shameful and idle arguement going on here, wont be surprised if Buhari send those thieving consulting company parking .
WHAT A SHAME !

knoph2007:

I am sure you lack the knowledge that he is an FCA with proven record in public Account. He know what he is saying. PWC should have pooled out of the assignment rather than do a shady job.

Eruditor:


Ignorant imp, we have gone through the report. We even created a thread to discuss it but you ignorant Jonathanians avoided that thread like a bad habit. Now you are here to feign you have any superior information. Hack!

billyG:
All this nonsense whe haters,pigs apologist they yarn here self,all we want is we want our $20billn back.

doctokwus:

Yeah.
But the point is that PWC was contracted to carry out an audit as attested to by ngozi okonjo iweala.When it was not getting necessary documents, why didnt it cry out or withdraw?
What we should ask ourselves with all sincerity is this:had PWC been contracted to carry out a similar assignment in America or an European country and 2 very important corporations refused opening its books,would it not have come out to distance itself from continuing d audit,in order to save its name?
But PWC has peculiar standards for operating here,they get contracted for an audit,but ended up doing a review while collecting auditing fees.

seunmsg:



Kola Aluko and Jide Omokoore are the two biggest beneficiaries of NPDC largesse under Deziani's reign as petrol minister. Both of them are Yoruba's the last time I checked. See bro, this is not about tribal sentiment, it's about a few people who don't care about your tribe robbing all of us of our collective resources. We should be united in fighting them.

SaiBuharii:
This guy (Yayi)s a disgrace to the Accounting profession.

ednut1:
Yayi and ur a chartered accountant smh. u no see the disclaimer in the report abi. u shud knw beta nd stop disgracing our noble profession

masonkz:
Firstly, I bet this fool didn't read the full document

Secondly, what exactly does the fool know about Investigative/forensic audit?

A review was done and a disclaimer was appropriately put in place. NPDC and CBN weren't proving to be of help. How exactly can an audit firm remedy that apart from issuing a disclaimer?
bloody ignorant

Instead of the idiot to be talking of summoning CBN and NPDC, he's here spewing trash. Anyone can sha talk

masonkz:
Firstly, I bet this fool didn't read the full document

Secondly, what exactly does the fool know about Investigative/forensic audit?

A review was done and a disclaimer was appropriately put in place. NPDC and CBN weren't proving to be of help. How exactly can an audit firm remedy that apart from issuing a disclaimer?


Instead of the idiot to be talking of summoning CBN and NPDC, he's here spewing trash. Anyone can sha talk

masonkz:
Firstly, I bet this fool didn't read the full document

Secondly, what exactly does the fool know about Investigative/forensic audit?

A review was done and a disclaimer was appropriately put in place. NPDC and CBN weren't proving to be of help. How exactly can an audit firm remedy that apart from issuing a disclaimer?

Instead of the idiot to be talking of summoning CBN and NPDC, he's here spewing trash. Anyone can sha talk

masonkz:
Firstly, I bet this fool didn't read the full document

Secondly, what exactly does the fool know about Investigative/forensic audit?

A review was done and a disclaimer was appropriately put in place. NPDC and CBN weren't proving to be of help. How exactly can an audit firm remedy that apart from issuing a disclaimer?

Instead of the idiot to be talking of summoning CBN and NPDC, he's here spewing trash. Anyone can sha talk

sammhi:

but the rot in NNPC like many other govt institutions did not start with GEJ or Diezani. even the GMB as petroleum minister had allegation of missing 2.8bn .so if you are straight then probe the NNPC from inception or forget it then set the rules from now on..except you are on vendetta or somethng......

Utchman1:
Why did PWC wait for Buhari to mention that he was going to revisit the allegation before coming out to say the report should not be trusted?

My thinking is that they had a deal with GEJ's government and since he has lost, they (PWC) do not want to be exposed by GMB's government.

Hence the declaration that the report should not be trusted.

Classicalman:
He is a complete illiterate honourable. Did he actually go through the 200 page report to see how PWC arrived at tyue $1.48bn? I dont think he did. He just wants to run his motor-mouth like typical APC member.