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Groups demand release of full report of $20b forensic audit


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Civil Society organizations working on good governance, transparency and accountability in the extractive sector and tax justice have called on federal government to release the full report of the forensic audit of the accounts and transactions of the NNPC to the public without further delay.

This was made known in release that was signed by the coalition of civil society organisations in the country.

According to the release, “it was recall that in 2014, that the former Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi alerted the nation that about $20 Billion was unremitted to the Federation account by the NNPC which after several back and forth and tinkering with the figures which kept fluctuating, it became undeniable that indeed billions of dollars were unaccounted for”

The Coalition that frowned at the notoriety of the Nigerian National Petroleum Corporation, NNPC and the federal government on their attitude towards the management of the country commonwealth want the federal government who had engaged PriceWaterHouseCoopers last year to carry out the forensic audit of the NNPC to unravel the mysteries behind the conflicting figures and respect the rights of Nigerians to know the truth.

The group calls on the management of the Nigerian National Petroleum Corporation, NNPC and the Nigerian Petroleum Development Company, NPDC to develop a refund plan for the amount and make it public for the citizens to monitor it.

“We believe that the indictment of institutions indicate culpability for individuals under whose watch such colossal mismanagement occurred. We demand that such be subjected to the most severe disciplinary measures available the public service rules and regulations”

The group also urged the National Assembly to ensure the passage of the Petroleum Industry Bill before the expiration of the tenure of the present Assembly which will contribute immensely to the prevention of these types of leakages that undermine the ability to generate sufficient revenues to finance development and provide essential services to Nigerian citizens.

The body wants civil society organizations and the media to ensure that the report of this audit does not go the way of previous ones in line with the impunity and waste of public resources that has characterized this administration.


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