NNPC Set to Remit $1.48BN to Federation Account

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Following the submission of the audit report on the Nigeria National Petroleum Corporation (NNPC), by PriceWaterhouseCoopers, which indicated that only $1.48b was yet to be remitted to the federation account as against $49b mentioned as missing, a Civil Society group, Move On Nigeria, has commended the Federal Government and the

INVESTIGATION: Files Open New Window on $182-Million Halliburton Bribery Scandal in Nigeria

British lawyer facilitated bribes through secret Swiss HSBC accounts in his name and names of family members; revelations may place Nigerian government under pressure. The post INVESTIGATION: Files Open New Window on $182-Million Halliburton Bribery Scandal in Nigeria appeared first on Premium Times Nigeria.

Forensic Audit Report: NNPC to Return Missing $1.48 Billion to Nigerian Federation Account!

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The Forensic audit report presented to Nigerian President Goodluck Jonathan after an exhaustive investigation into the Nigerian National Petroleum Corporation (NNPC) and Nigerian Petroleum Development Company (NPDC) has revealed that $1.48b has to be returned to the Federation’s account. The audit was recently conducted by PricewaterhouseCoopers, a leading international accounting and business services

NNPC, Others to Refund $1.48bn

The NNPC and the NPDC have been indicted by the report, which was ordered by Finance Minister, Ngozi Okonjo-Iweala after allegations of misappropriation were made by the former Central bank Governor, Sanusi Lamido Sanusi. A forensic audit ordered by the Federal Government has revealed that a minimum sum of $1.