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Groups want probe findings into NNPC made public

09 February 2015, 08:57

Abuja - A group of pro-democracy organisations has demanded that the federal government should release the full report of the forensic audit report of the accounts and transactions of the Nigerian National Petroleum Corporation (NNPC).

The coalition, in a statement, said the management of the country’s oil reserves by the agency had remained a recurring issue.

Among the organisations are Action for Community Development, Centre for Democracy and Development (CDD), Centre for Information Technology and development (CITAD) Centre for Advance Social Sciences (CASS), Civil Society Legislative Advocacy Centre ( CISLAC), Environmental Rights Agenda and Friends of the Earth(ERA), National Tax Justice and Governance Platform, Nigeria SOTU-Nigeria, West Africa Civil Society Forum (WACSOF) and Zero Corruption Coalition (ZCC).

Also read: Forensic audit report indicts NNPC

“We recall that in 2014, that the then Central Bank of Nigeria Governor alerted the nation that about $20 Billion was unremitted to the Federation account by the NNPC. After several back and forth and tinkering with the figures which kept fluctuating, it became undeniable that indeed billions of dollars were unaccounted for,” read a statement.

“We note that the notoriety of the Nigerian National Petroleum Corporation, NNPC and its attitude toward the management of our commonwealth, as represented by oil and gas resources, has remained a recurring issue highlighted by the several Nigeria Extractive Industries Transparency Initiative audit reports, which recommendations had gone unheeded, through to the reports of several investigative panels set up by both the executive and legislative arm which recommendation were never implemented.”

The groups believes that the Federal Government engaged PriceWaterHouseCoopers last year to carry out the forensic audit of the NNPC in a bid to unravel the so-called mysteries behind the conflicting figures and respect the rights of Nigerians to know the truth.

“We are therefore surprised that after waiting for about a whole year and the report is finally released, the Nigerians are being denied the right to access to the full version of the report.

"While we consider the President’s request that the Auditor-General of the Federation should study the report and make the key highlights public within the week of its submission a good beginning, it is insufficient and falls short of Nigerians’ expectation full disclosure.”

The coalition said the fee of the audit was paid through tax payers’ money and therefore every Nigerian citizen had a right to have full access to its content.

“The highlights presently available to the public have recommended that the NNPC and NPDC should refund to the Federation Account, a minimum of $1.48 billion (about N274.54 billion).

This comprises of monies from the mismanagement of several transactions, including cost managements, signature bonuses, Petroleum Profit Tax and royalty payments.”

The groups called on the president to develop the political will to implement the recommendation.

- CAJ News

Tags nnpc nigeria

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