PwC Report: No $20bn Missing But Cites Several Infractions by NNPC

 Anxious to debunk claims that he has something to hide in relation to the allegation that $20 billion was unaccounted for by the Nigerian National Petroleum Corporation (NNPC) during his tenure, President Goodluck Jonathan on Monday ordered that the full report of PricewaterhouseCoopers’ (PwC) forensic audit of the corporation be released immediately to the public so that all Nigerians will be properly informed on the matter.

But while the audit did not mention any missing funds, only requiring NNPC’s exploration and production (E&P) subsidiary – the Nigerian Petroleum Development Company – to remit $1.48 billion to the Federation Account, the report did raise many pertinent questions.

Briefing State House correspondents on the president’s directive, presidential spokesman, Dr. Reuben Abati said the incoming administration of Buhari was free to review all actions and policies taken by the present administration which it deems necessary.

PwC was contracted by the federal government to carry out a forensic report into the finances of NNPC between January 2012 and July 2013.

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