Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • About
    • Advertise
    • Contribute
    • Donate
    • Forum
    • Contact
    Login
    InfoStride NewsInfoStride News
    • Home
    • Business
    • Celebrity
    • Crime
    • Nigeria
    • Politics
    • Sports
    • Technology
    • More
      • COVID-19
      • Editor’s Picks
      • Health
      • Opinions
      • Press Releases
      • World
    Subscribe
    InfoStride NewsInfoStride News
    Home»News»African News»West African News»Nigeria News»Okonjo-Iweala denies hiring PwC to probe alleged missing $20bn

    Okonjo-Iweala denies hiring PwC to probe alleged missing $20bn

    Nigeria News By Wale AdebayoApr 30, 2015No Comments2 Mins Read
    Facebook Twitter WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

    GEJ-NNPC AUDIT REPORTThe 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.

    See also  NERC Increases Electricity Tariff, Discontinue Fixed Charges

    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 audit firm submitted its findings to President Goodluck Jonathan in February, who in turn ordered for its public release on Monday after the President-elect, Muhammadu Buhari, indicated his interest to revisit the alleged missing oil money. (NAN)

    See also  Gov. Dapo Abiodun Has Been Competent Amid The Pandemic – Gbenga Akinwande

    Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate

    Naija News Nigeria News Nigerian News
    Share. Facebook Twitter WhatsApp Pinterest Reddit Tumblr VKontakte Email LinkedIn

    Related Posts

    Lagos governorship election: Sanwo-Olu speaks after victory

    Mar 20, 2023

    PDP rejects outcome of elections in Jigawa

    Mar 20, 2023

    INEC begins collation of governorship results in Zamfara

    Mar 20, 2023

    House of Assembly election: Osun PDP clears 25 seats, one declared inconclusive

    Mar 20, 2023
    Add A Comment

    Comments are closed.

    Get Social with Us
    • Facebook
    • Twitter 6.5K
    • Pinterest 92
    • Instagram
    • YouTube
    Latest Posts

    Lagos governorship election: Sanwo-Olu speaks after victory

    Mar 20, 2023

    PDP rejects outcome of elections in Jigawa

    Mar 20, 2023

    INEC begins collation of governorship results in Zamfara

    Mar 20, 2023

    House of Assembly election: Osun PDP clears 25 seats, one declared inconclusive

    Mar 20, 2023

    Subscribe to Updates

    Get the latest breaking news straight into your inbox!

    Random News

    More Photos of Nokia X Android Smartphone Leaked

    Feb 20, 2014

    Mali’s new Prime Minister chooses ministers with focus on reconciliation

    Apr 12, 2014

    IOM Aids Over 21,000 Ethiopian Returnees from Saudi Arabia

    Nov 26, 2013

    Herbalist Confesses To Burying Woman, Daughter Alive

    Jun 24, 2014

    InfoStride News delivers the latest breaking news, Nigeria news, world news and top stories on business, celebrity, entertainment, politics, sports, technology and more. Experience the best of in-depth coverage, special reports, football highlights, political opinions, crime watch, celebrity gossips etc.

    GooglePlay Store Button

    Support InfoStride News' Credible Journalism

    Credible journalism involves a lot of efforts and money; and can guarantee a fair, accountable and transparent society, including democracy and government. We need your support to continue offering free access to our loyal readers and visitors like you.

    Click here to Donate

    Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • Our Terms
    © 2023 InfoStride News. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Continue with Facebook
    Continue with Google
    Continue with Twitter
    Lost password?