₦airaland Forum

Missing $20 billion: Okonjo-Iweala denies appointing PriceWaterHouseCoopers

April 30, 2015

[img]http://media.premiumtimesng.com/wp-content/files/2013/09/620x387xNgozi-Okonjo-Iweal_2422978b.jpg.pagespeed.ic.Nt0RsWnyyg.webp[/img]

The Minister of Finance, Ngozi Okonjo-Iweala, on Thursday denied appointing PriceWaterHouse Coopers to audit the Nigerian National Petroleum Corporation (NNPC) over the allegation the company diverted $20 billion oil money.

This claim was contained in a statement issued by the Special Adviser to the Minister, Paul Nwabuikwu, Thursday.

According to Mr. Nwabuikwu, the statement came in response to a lawsuit filed by a group of three accounting firms before a Lagos High Court, accusing Mrs. Okonjo-Iweala of violating the local content law by appointing PwC.

“The group is alleging that she appointed the global audit firm PWC to conduct the recently concluded forensic audit of the NNPC against the provisions of the Local Content Act,” he said.

As finance minister and coordinator of the economy, Mrs. Okonjo-Iweala played a leading role in 2014 as the government tried to debunk allegation by a former governor of Central Bank, Lamido Sanusi, that $20 billion oil money had been stolen.

After efforts to reconcile the accounts at a Senate hearing failed, Mrs. Okonjo-Iweala announced that an independent forensic audit would be conducted.

The government later announced the hiring of PriceWatersHouseCoopers.

Despite completing its work in September, the government only released the report on Monday.

The report, which indicted the NNPC and has asked the corporation to refund over at least $1.48billion to the federal government, has however been discredited after PwC affirmed it could not vouch for its content and overall quality of its work.(NAN)

Etruth:
Daura

RockMaxi:

Who then appointed PWC or have PWC become an NGO doing a voluntary auditing?

Mynd44:
The auditor General.

No biggie.

From the view of the plaintiffs, Okonjo recommended an independent forensic auditing and that alone is a subliminal way of calling for an auditing company with international recognition thereby raising the bar for the likes of Akintola Williams and others. This is my personal interpretation.

RockMaxi:
From the view of the plaintiffs, Okonjo recommended an independent forensic auditing and that alone is a subliminal way of calling for an auditing company with international recognition thereby raising the bar for the likes of Akintola Williams and others. This is my personal interpretation.

Mynd44:
My post was sarcastic na.
The auditor general can't act unilaterally there. Madam was just trying remove hersef

No lele. I got the no biggie attached... The Perm Sec for Min. of Foreign Affairs don suffer his own na the Auditor General remain. Na run for cover mode activated....

theV0ice:


Comedy of errors.....one day one session of drama

So who appointed them? Diezani or patience?

Ngozi, but why did u allow them do this to u?

doctokwus:
I am not even interested in these peripheral denials or rebuttals any longer.
What is certain is that from may 29,the greatest scandals and revelations in d annals of Nigeria's history would start coming to our screens and news stands.
These are just tips of d iceberg.Nigerians should start bracing up for earth shaking revelations soon from the likes of NOI, Madueke etc,when they start squealing on themselves.

Etruth:
Season of Denials as REALITY sets in. Truly power is transient.Thank God Jonathan lost this elecion otherwise, all the fraudulent cases under this insanely wicked govt would have been covered. Madam NOI save the explanations for now. We will listen to you after May 29. We believe the conducive environment at EFCC headquarters will help you recall all the atrocities against this country with your voodoo economics, while brandishing phantom statistics to hoodwink the gullible ones.The day of reckoning beckons.

doctokwus:
I am not even interested in these peripheral denials or rebuttals any longer.
What is certain is that from may 29,the greatest scandals and revelations in d annals of Nigeria's history would start coming to our screens and news stands.
These are just tips of d iceberg.Nigerians should start bracing up for earth shaking revelations soon from the likes of NOI, Madueke etc,when they start squealing on themselves.

Okonjo-Iweala denies appointing PWC to audit NNPC account

April 30, 2015

https://newngrguardiannewscom.c.presscdn.com/wp-content/uploads/2015/03/OKONJO-IWEALA-OK.jpg

The Minister of Finance Dr Ngozi Okonjo-Iweala, on Thursday denied appointing Price WaterHouse Coopers (PWC) to conduct the Nigerian National Petroleum Corporation (NNPC) audit.

This is contained in a statement issued by the Special Adviser to the Minister on Media, Mr Paul Nwabuikwu, in Abuja.

According to the statement, a group of three accounting firms filed a suit against the minister before a Lagos High Court with the allegation.

“The group is alleging that she appointed the global audit firm PWC to conduct the recently concluded forensic audit of the NNPC against the provisions of the Local Content Act.