Thursday, 5 February 2015

NNPC & NPDC Stole 1.Four Billion Dollars

The Nigerian National Petroleum Corporation and the Nigerian Petroleum Development Company have been indicted by the investigative forensic audit conducted by PriceWaterHouse Coopers into the allegations of unremitted oil revenue to the Federation Accounts.

In the highlights of the report released by the Auditor General of the Federation, Samuel Ukura, the accounting firm asked both organisations to refund to the Federation account a minimum of one point four eight billion dollars.

PriceWaterHouse was last year hired to carry out the exercise following an allegation by the former Governor of the Central Bank of Nigeria, Lamido Sanusi that twenty billion dollars was not remitted to the Federation Account by the NNPC.

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