Report On Missing NNPC $10.8bn Ready ..Okonjo Iweala

The last is yet to be heard about the missing  $10.8 billion as the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, yesterday assured that the report of the audit into the unaccounted $10.8 billion oil money would be ready soon.
Speaking at the Financial Times Africa Summit 2014 in London, with the theme, “Consolidating the Continent’s Rise”, she said the figure was not new but had been a source of discussions between the Ministry of Finance and the Petroleum Ministry and that the huge attention it generated prompted the government to take steps leading to the appointment of PriceWater House Coopers to do a forensic audit.
“Initially it was $48 billion, then $20 billion but the figure we have always had is $10.8 billion. I am the Minister of Finance; if money is missing, I want it to be used for good things for the country and that was why when we went to the Senate to demand for forensic audit, the President supported and asked that it should be done
“We engaged PriceWater House Coopers with the Auditor General taking the lead. They initially asked for 16 weeks to complete the work. They have spent 11 or 12 weeks so far and they will be done in a couple of weeks,” she said.

CKN NEWS

Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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