gov oshiomhole

Nigerians are going to witness another forensic audit of records to establish the possible discrepancies between actual amount made from sales of the nation’s crude oil and actual amount remitted to government. The audit is for the period former President Goodluck Jonathan was in office.

The audit is by the orders of the National Economic Council through its committee set up to investigate transactions carried out in the oil sector within the period under review.

Agencies to be affected include the Securities and Exchange Commission, the Central Bank of Nigeria, Department of Petroleum Resources and Nigeria maritime Administration and Safety Agency. KPMG and PriceWaterhouseCooper have been engaged to carry out the task.

Governor of Edo State, Adams Oshiomhole speaking on behalf of the committee said the previous audit carried out by PWC cannot be relied upon since it is limited in scope. The audit according to him concentrated on the allegation made by the former CBN governor that monies made by the NNPC in sale of crude oil are not being remitted to the Central Bank.

The basis according to Governor Oshiomhole is that in line with the constitution, all the agencies were supposed to remit the revenue they make to the federation account but many of them do not comply.

The governor denied insinuations that the audit is a witch hunt and said it is to lay a proper foundation for the country’s economy to be built.



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