Good luck to us all. Just go and check the website of the audit company that just secured a N364 million naira contract to probe the accounts of the oil sector and you will weep for this country. If you visit the website of the firm you will know our people in govt needs to be SHOT!Even a joker can do better. They cannot even properly spell what they do! They call themselves [b]Chartard [/b]Accountants. They also claim to belong to local and international bodies "among which include",  If this doesn't make you feel like throwing up, I wonder what would. Will these guys in Abuja ever get anything right? The site is www.sadaidrisco.com.

You need to check the website and & CRY for Nigeria.

Website is www.sadaidrisco.com

MAYOWAAK:

Good luck to us all. Just go and check the website of the audit company that just secured a N364 million naira contract to probe the accounts of the oil sector and you will weep for this country. If you visit the website of the firm you will know our people in govt needs to be SHOT!Even a joker can do better. They cannot even properly spell what they do! They call themselves [b]Chartard [/b]Accountants. They also claim to belong to local and international bodies "among which include", If this doesn't make you feel like throwing up, I wonder what would. Will these guys in Abuja ever get anything right? The site is www.sadaidrisco.com.

You need to check the website and & CRY for Nigeria.

Website is www.sadaidrisco.com

You wont believe it but these are their so called partners: "Alhaji Zakari Sada, IJMB,B Sc, ACCA
Alhaji Zakari Co-founder of Sada,Idris & Co Chartered Accountants which was established in 1992. Alhaji Zakari Sada i a first class honour graduate in Accounting from Ahmadu Bello University Zaria and Also an Assocaited Member[ACCA] London School of Accountancy 1986. Member Institute of Chartered Accountant of Nigeria[ICAN] 1986.

Nkem Onyekawa, HND,
Mr. Nkem Onyekawa is a Managing Partner with over 20years experience in covering Audit, Accountancy and other related engagement including supervising various World Bank Assisted Projects, and re-engineering assignment of companies in Energy, Oil and Gas Industries.
Mr Nkem Onyekawa a 1985 graduate of Accountancy Calabar state Polytechnics is also an Associated Member of Institute of Chartered Accountants of Nigiera ICAN 1987, and also an Assocaited Memeber in Chartered Institute of Taxation of Nigeria 2001

Do you have a link or source connecting that firm to confirmation that they will be doing the audit?

The website is a joke though.

Source please!

Found it

Nigeria government orders audit of oil and gas sector

ABUJA | Wed Jan 18, 2012 1:28pm EST
(Reuters) - Nigeria's government ordered a fresh audit of its entire oil and gas sector covering the last three years on Wednesday, the latest move to clean up corruption in Africa's biggest oil industry after a week of anti-government protests.

The move follows the opening of an investigation into the sector by the corruption watchdog and a separate Senate investigation into fuel subsidies -- all announced this week.

"As part of government's anticorruption agenda, council today ,  approved the award of contracts to two audit firms to conduct a thorough audit of the accounts and activities of all government institutions and entities in the oil and gas industry from 2009 to 2011 with nine months completion period," Information Minister Labaran Maku said.

President Goodluck Jonathan has come under intense pressure to clean up Nigeria's 2 million barrel per day oil sector, after a week of protests over fuel prices revealed public anger about corruption and waste of the country' oil wealth.

Unions called off a week long strike on Monday, after Jonathan partly backed down on the scrapping of a popular fuel subsidy. He and oil minister Diezani Allison-Madueke promised prompt action to implement delayed reforms to the oil sector.

Maku named two Nigerian firms at the auditors: Haruna, Yahaya & Co. and Sada, Idris & Co. 

"The audit would be carried out in all government revenue generating ,  institutions and entities in the oil and gas and solid minerals sectors of the country," he said. "The audit firms shall access production, exports, imports and unaccounted oil and gas ,  and other relevant streams."

On Monday Nigeria's corruption watchdog on orders from Allison-Madueke launched an investigation into the subsidy system, sending agents to the state oil company and petroleum pricing regulator.

On the same day, her ministry announced that it had set up a committee designed to facilitate the passing of an oil bill meant to overhaul the entire sector.

Skeptics will point out that the Nigerian government has invited auditors into its oil and gas sector before -- and failed to act on their reports.

A report compiled by international accounting firm KPMG into the opaque state oil company has been on the oil minister's desk for a year, but no action has been taken on it yet.

(Reporting by Felix Onuah; writing by Tim Cocks; editing by Keiron Henderson)

Source: http://www.reuters.com/article/2012/01/18/us-nigeria-oil-audit-idUSTRE80H1RX20120118

eGuerrilla:

Found it

Nigeria government orders audit of oil and gas sector

Source: http://www.reuters.com/article/2012/01/18/us-nigeria-oil-audit-idUSTRE80H1RX20120118

Thanks a million

@Mayowak,brilliant job.It just shows u that with this present set of people we are doomed in all aspects of our lives.Not only are they incompetent,but I still stand by what av bn saying,that:these are d most corrupt set of human beings that ever ruled a nation anywhere on earth,these people av corruption ingrained in their whole being,they cannot be redeemed.

Another Source:http://www.guardiannewsngr.com/index.php?option=com_content&view=article&id=74367%3Afec-approves-n363m-for-audit-of-oil-solid-minerals-sectors&catid=1%3Anational&Itemid=559

A CLEAN-UP of the mess in the oil and gas, and solid minerals sectors has been approved by the Federal Executive Council (FEC).

The project, which will cost N363 million, will be executed by two consulting firms, which have scaled the screening of FEC. It is the first time the government has engaged consultants to look into the activities of the Nigeria Extractive Industries Transparency Initiative (NEITI).          

The audit, which covers 2009 to 2011, will be completed within nine months. The government awarded the contracts to two firms - Messrs Sada Idris & Co for oil and gas industry and Messrs Haruna Yahaya for solid minerals.            

While the oil and gas industry’s audit consultancy would cost N226.613 million, the solid minerals audit consultancy contract is worth N137 million.

The cleansing of the oil and gas sector and the prosecution of Nigerians and corporate bodies topped the demand of civil rights groups during last week’s nationwide strikes, rallies, and protests against government’s removal of subsidy on petrol.            

Information Minister, Mr. Labaran Maku, told journalists at the end of the FEC meeting that the appointment of the consultants was aimed at establishing “processes and procedures, physical volumes and financial flows from the sectors, improve revenue remittances into the government’s account and enthrone competition and corporate governance.

“The industry audits will also provide relevant information and data for the government’s anti-corruption agenda. It is central to Nigeria’s compliance to the global NEITI, which the country is signatory,” he said.

Maku added that, “the audits would be carried out in major revenue generating and all revenue remitting government’s institutions in the oil and gas and solid minerals sectors from 2009 to 2011 and 2009 to 2010 in that order.

Specifically, the consultants are to carry out Nigeria’s hydrocarbon and solid mineral values.

Maku explained that the consultants “shall access the volumetric aspects of production,exports, imports, unaccounted oil and gas and solid minerals and other relevant streams.”              

Although, the activities and entities involved in the petrochemical industry or processing of crude oil and gas are not within the scope of work, Maku said such activities are required to confirm their relevant stocks, receipts and inputs to the sectors.               .

The consultants are expected to also provide the on and off the job training of the secretariat personnel, who would be involved in the assignment with a view to building capacity and enhancing efficiency for future audits.”

The minister said the Council commended President Goodluck Jonathan for “the maturity and statesmanship” he exhibited in handling the crisis arising from the removal of petrol subsidy. It also praised Nigerians for their exemplary behaviour during the protests.

Meanwhile, the National Bureau of Statistics (NBS) has said over N207 billion was lost by Nigeria to the strike, while inflation dropped to 10.3 per cent in December 2011

The Bureau, which gave the figures yesterday in Abuja, explained that it relied on the Gross Domestic Product (GDP) of the country in computing the data.          

It said inflation recorded a downward movement as the 2011 ended, from 10.5 per cent to 10.3 per cent, even as prices of food items increased sharply because of the festive season by 11 per cent

The mass transit scheme, initiated by the government, as part of the subsidy removal palliatives will be managed by the private sector, the Minister of Trade and Investment, Chief Olusegun Aganga, said.            

He told journalists yesterday in Abuja that the buses would be run by the private sector while the government would provide the money as interest-free loans to the operators to ensure that passengers were not exploited.            

The minister said if the transporters had gone to the banks, they would borrow the funds at 20 per cent interest rate.

He disclosed that the spare parts for the buses are available in the markets to ease the cost of maintenance by the owners.

http://www.guardiannewsngr.com/index.php?option=com_content&view=article&id=74367%3Afec-approves-n363m-for-audit-of-oil-solid-minerals-sectors&catid=1%3Anational&Itemid=559

I wonder if any bids were considered before awarding these contracts

Minister of Information, Mr. Labaran Maku made the disclosure at a media briefing on the outcome of the week’s FEC meeting presided over by President Goodluck Ebele Jonathan at the State House, Abuja on Wednesday, January 18.

He stated that the audit of the oil and gas revenues awarded to Messrs Sada Idris & Co at the cost of N226, 613, 000 would cover the period of 2009 to 2011, while the solid mineral revenue audit awarded to Messrs Haruna Yahaya & Co. at the cost of N137, 000, 000 would cover 2009 to 2010, adding that both firms are expected to complete their assignment in nine months.

He stated further that the consultants are to carry out Nigeria’s hydrocarbon and solid mineral values and also access the volumetric aspect of production, export, imports, unaccounted oil and gas and solid minerals and other relevant stream.

The consultants he added, are also expected to provide the on and off the job training of the secretariat staff that would be involved in the assignment with a view to building capacity and enhancing efficiency for future audits.

“Activities and entities involved in the petrochemical industry or processing of crude oil and gas are not within the scope of work but such activities are required to confirm their relevant stocks, receipts and inputs to the sectors,” he explained.

Source: http://www.nigeriafirst.org/article_11812.shtml

Let's not 4get that a foremost nigerian audit,firm KPMG did a thorough forensic audit of d NNPC,of course exposing d monumental corruption in that stinkpipe,nothing was done;now they av hired one backyard firm that will come up with a predictable result,because they take us to b fools.God will soon catch them all bc we are almost @ our limits end in dis country& wt d way God is using their incompetence in other areas to expose them,d people will soon take their destiny into their hands

whois lookup of the domain for sadaidrisco.com

Creation Date: 11-Sep-2011
Expiration Date: 11-Sep-2012

Domain servers in listed order:
    ns1.aimtechng.com
    ns2.aimtechng.com
    ns3.aimtechng.com


Administrative Contact:
    USMAN BUGAJE ORGANISATION
    MURTALA MUHAMMAD        (mynaj2002@yahoo.co.uk)
    tudun wada kaduna
    kaduna
    kaduna,3452
    NG
    Tel. +234.08036990843

Technical Contact:
    USMAN BUGAJE ORGANISATION
    MURTALA MUHAMMAD        (mynaj2002@yahoo.co.uk)
    tudun wada kaduna
    kaduna
    kaduna,3452
    NG
    Tel. +234.08036990843

Ttola:

whois lookup of the domain for sadaidrisco.com

It appears their website has been yanked off.It has suddenly become inaccessible.

na site be dis abi na corel draw painting

What are these guys taking us for?

MAYOWAAK:

Nkem Onyekawa, HND,
Mr. Nkem Onyekawa is a Managing Partner with over 20years experience in covering Audit, Accountancy and other related engagement including supervising various World Bank Assisted Projects, and re-engineering assignment of companies in Energy, Oil and Gas Industries.
Mr Nkem Onyekawa a 1985 graduate of Accountancy Calabar state Polytechnics is also an Associated Member of Institute of Chartered Accountants of Nigiera ICAN 1987, and also an Assocaited Memeber in Chartered Institute of Taxation of Nigeria 2001

Haha, abeg where that school dey?

Am i actually from NIGERIA

Why does it say "CHATARD ACCOUNTANT" on the top left corner of the website?
Abeg make dem go pay better website master oo, LWKMD

The website I saw I suspect was designed by a 10 year old boy/girl with so many errors and placed on a free host

1forall:

Haha, abeg where that school dey?

u dont want to check-up the website for that school ,

but i think it is now a univeristy: Cross River State University of Technology (CRUTECH).

I was watchng CNN one day and I was almost weeping wishing I wasn't a Nigerian! This country makes my heart bleed rest in peace Ojukwu and Okah!

Irritating mix of colours

God will Punish this people if they think Nigerians are fools, Nigerians no be like before oh, Anything now, we go ask the relevant questions

come on
this nairaland SMILEY BE LIKE SAY WITCHES DEY WORRY AM
see as i be like wetin they use Razor Cut

WEBSITE indeed

FELA: 2.8 billion naira, oil money is missing, they set up enquiry o, they said money no lost o, e dabaru everybody, supervisor Obasanjo, he say amake we no talk o, money no lost they shout again,
THIS IS THE ANSWER THEY ARE WORKING TOWARDS.
ANYBODY THAT IS STILL EXPECTING ANY HOPE HOPE IN THIS JONATHAN GOVERNMENT MUST RE-EXAMINE HIS HEAD. YOU WILL SEE WHAT WILL END THIS SUBSIDY MONEY THEY ARE WITHDRAWING.

This is a joke!

Something can be done, something must be done, I was born here,

Contract for naija na paddy paddy, arrangee.The  Website looks childish for such Α̲̅ firm that will handle Α̲̅ contract of this magnitude. Naija i̶̲̥̅̊ D̶̲̥̅̊ε̲̣̣̣̥γ̲̣̣̥ hail oo.

Straight outta the corners of my eyes, I could just sense another spelling mistake straightaway.  

On the LHS of the website-Larggest

Why are some Nigerians so petty and silly?

The website is poor, yes, but that does not in any way impinge on their effectiveness as auditors. We should be judging them on their past work if they are known or just a startup etc.
There are several companies that do not rely on the web for business and only keep a token web presence. There are many top Nigerian businesses that do not run a website, or are even worse than the one people are pointing at. You wanna see succesful businesses in the West that run crap sites? Check out this one for electric vehicles in the UK:

http://evuk.co.uk/

Here's another: http://www.amazingthings.org/
And another: http://www.sphere.bc.ca/test/sruniverse.html (ecommerce website)

I'm sick and tired of seeing silly topics on NL and equally silly responses.
Quit the foolishness, its a new year. Yes, the website is poor, ugly and retarded, but leave it at that and do not chat crap.

Beaf:

Why are some Nigerians so petty and silly?

The website is poor, yes, but that does not in any way impinge on their effectiveness as auditors. We should be judging them on their past work if they are known or just a startup etc.
There are several companies that do not rely on the web for business and only keep a token web presence. You wanna see succesful businesses in the West that run crap sites? Check out this one for electric vehicles in the UK:

http://evuk.co.uk/

Here's another: http://www.amazingthings.org/
And another: http://www.sphere.bc.ca/test/sruniverse.html (ecommerce website)

I'm sick and tired of seeing silly topics on NL and equally silly responses.
Quit the foolishness, its a new year.

I am shocked!!!, utterly shocked at your statement, for a company that'll earn over 300M, Just registered their domain in September!,

They should have dressed like dogs to the meeting and tell the president we are auditors not designers!, or they should eat like animals, and say we are auditors,

the other company: http://www.facebook.com/pages/HARUNA-YAHAYA-CO-CHARTERED-ACCOUNTANT-AND-TAX-PRACTITIONAL/170417082974061