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Nairaland Forum / Nairaland / General / Politics / PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. (18421 Views)
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Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(m): 10:21pm On Dec 29, 2014 |
Ngwakwe: You are tactically avoiding the elephant in the room. NOI stated that the forensic audits will be ready by October-November time frame. We're in December and they have not come out to say anything. This may be a paltry sum to you but NOI expressly admitted that at least $10Billion is missing. Looking at the projects in the OP (opportunity cost of less than $10Billion), unless you're a beneficiary of the GEJ's Gov't largesse or you're plain ignorant, you should be moved to request for this report to be released ASAP. It's part of transparency. Mindsets like yours have killed accountability in Nigeria. 23 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LouisVanGaal(m): 10:36pm On Dec 29, 2014 |
Ngwakwe:Always defending rubbish 12 Likes
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Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by BossAyuk: 10:46pm On Dec 29, 2014 |
[s]Ngwakwe:I thought you were of reasonable intellect until I realized lately that there are some topics that are just above your reasoning capacity hence you resort to replying off-track. How is your reply linked to what the OP posted? He drafted a list of projects that could have been achieved by the $10billion that haven't been accounted for till today and you come up typing rubbish that doesn't relate in anyway to the topic. A PDP stooge, The Minister of Finance, NOI also confirmed it so what exactly is your point?? The fact that you support PDP doesn't mean you should just throw your reasoning faculty away. 18 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by BossAyuk: 10:47pm On Dec 29, 2014 |
LouisVanGaal:I swear the man is very shameless and pathetic. His reply has NOTHING to do with the topic. 9 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(m): 10:59pm On Dec 29, 2014 |
BossAyuk: I suspect he's at least in his 50s but has no sense of uprightness 7 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(m): 11:49pm On Dec 29, 2014 |
oduastates: This is effectively No. 1 on my list I'm considering including this in the OP. Meanwhile junkies are celebrating refurbished diesel locomotives. 5 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(m): 1:02am On Dec 30, 2014 |
LouisVanGaal: He's even a political section mod 6 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(m): 5:55am On Dec 30, 2014 |
The truth shall set us free as a nation 5 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(m): 6:19am On Dec 30, 2014 |
Mods. This should be on FP for awareness purposes. Love Nigeria. 4 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by Guidette(f): 6:32am On Dec 30, 2014 |
Damn. This really jolts one back to reality. FP please. 4 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by PassingShot(m): 6:41am On Dec 30, 2014 |
Ngwakwe: What the OP is doing should be commended by every well-meaning Nigerian. And instead of you to keep silent in the absence of any meaningful thing to say, you accuse the opposition of trying to beat the gun just for asking for the report of an audit commissioned by FG. Fyi, the latest date by which that report should have been ready was November 7th. If there was any genuine reason holding it back, shouldn't Nigerians be informed? Should they need to even think of the FOI law to get that report in the first place? There are topics you don't have to contribute because the facts are too glaring to reject. 9 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by Nobody: 7:01am On Dec 30, 2014 |
Guidette:America will know that stealing is not corruption. 8 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(m): 7:13am On Dec 30, 2014 |
5 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by Ngwakwe: 7:22am On Dec 30, 2014 |
LRNZH: You are just being unnecessarily busybody. What has PwC Forensic Audit got to do this kindergarten presentation of projects and contract quotations on the thread? Is this the first time this audit has been conducted? Has there been a time it has been made public through the media? What is secrecy about a government that has the courage to sign FOI all about? The Freedom of Information bill signed into law by this administration enables you to demand for any document directly or through the court Why do the opposition insist that others use the court to settle matters when the are not ready to quietly follow the same route? Abeg as the opposition will say, "Go to court" |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by Ngwakwe: 7:29am On Dec 30, 2014 |
Remember we had this report by PwC submitted to the Minister of Petroleum before the Finance Minister, Dr Iweala ordered for the forensic herself Oil Revenue: Audit firm submits report |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(m): 7:36am On Dec 30, 2014 |
Ngwakwe: I'm sorry to say that you're very myopic or plainly super-ignorant. Myopic in the sense that if you're using your political affiliations to 1. deny sharing the sheer scale of what $10Billion is to other Nigerians; and 2. justify not requesting for the results of the PwC audit from the FG. It means you do not wish a better Nigeria for yourself and your offspring. This is a thread advocating for transparency and you're the tool in the devil's workshop trying to suppress it. For the same reasons above, for not knowing the value of requesting for transparency from your Gov't, I am tempted to label you ignorant as well. In this case I am willing to lecture you on the value of transparency to national development. You're supposed to be championing this and other comments have stated this explicitly. 16 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(m): 7:42am On Dec 30, 2014 |
Ngwakwe: Still exposing your ignorance. If an earlier report submitted by PwC has absolved NNPC of any wrongdoing why are tax payer's money being spent again for another forensic audit. Even NOI knows that there is rotten fish hidden somewhere. Moreover, explain why with all these amount of money we are taking about none of the 11 examples in the OP is close to anything we have seen in Nigeria. Don't derail the thread please. 6 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by PassingShot(m): 7:46am On Dec 30, 2014 |
Ngwakwe: Seriously, you would do yourself good by not trying to put forward any argument on this. Audit reports are for public consumption especially when the matter involved is a well known and celebrated case of high magnitude stealing (not corruption according to GEJ). For the fact that a government signed one FOI bill into law doesn't mean that every information that should be available to the masses should be retrieved through that cumbersome, frustrating process deliberately filled with government bottlenecks. Please answer this question for me sincerely: Are you paid to defend the regime of GEJ/PDP including the indefensible? 5 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by Ngwakwe: 7:47am On Dec 30, 2014 |
PassingShot: As I said before the National Assembly has the constitutional mandate to do just that. Falana Calls On N’Assembly To Order Audit Of Federation Account Lagos-based Human rights lawyer Mr. Femi Falana (SAN) has called on the National Assembly to stop the “illicit” audit of the Nigerian National Petroleum Corporation (NNPC) and order the Auditor-General of the Federation to carry out a comprehensive audit of the Federation Account. Falana said this in reaction to the revelation by the Central Bank of Nigeria (CBN) that the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, had appointed Price Waterhouse Coopers (PWC) to audit NNPC, noting that the appointment was unconstitutional. In a statement issued Sunday, Falana said: “As all the probes carried out by the National Assembly since 1999 have failed to check the impunity of the NNPC, the Senate should stop the investigation it has ordered into the missing oil money ($49.8 billion). “Similarly, the Petroleum Minister should stop the illegal audit of the NNPC ordered by her. In the circumstance, the Auditor-General of the Federation should be directed by both chambers of the National Assembly to audit the Federation Account and submit his report to them within one month. “This demand is in consonance with Section 85(4) of the Constitution which states that ‘The Auditor-General shall have power to conduct periodic checks of all government statutory corporations, commissions, authorities, agencies, including all persons and bodies established by an Act of the National Assembly’.” Speaking further, Falana noted that the revelation from the letter written by the Governor of the CBN, Sanusi Lamido Sanusi, on the unremitted $49.8 billion into the Federation Account and NNPC’s reaction to the allegation shows the need for someone to provide clarity as both CBN and NNPC gave conflicting accounts. Falana said the Jonathan administration owes Nigerians a duty to provide clarity on the conflicting figures issued by both parties. http://www.informationng.com/2013/12/falana-calls-on-nassembly-to-order-audit-of-federation-account.html |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by xwolverine: 7:49am On Dec 30, 2014 |
Obinoscopy, seun, front page please 2 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(m): 7:50am On Dec 30, 2014 |
Agents of underdevelopment and corruption are trying to suppress transparency here. Guys this needs to be on FP. Other mods where are you? Because Ngwakwe being impartial. 4 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by Ngwakwe: 7:51am On Dec 30, 2014 |
PassingShot: As I said before the National Assembly has the constitutional mandate to do just that. Falana Calls On N’Assembly To Order Audit Of Federation Account Lagos-based Human rights lawyer Mr. Femi Falana (SAN) has called on the National Assembly to stop the “illicit” audit of the Nigerian National Petroleum Corporation (NNPC) and order the Auditor-General of the Federation to carry out a comprehensive audit of the Federation Account. Falana said this in reaction to the revelation by the Central Bank of Nigeria (CBN) that the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, had appointed Price Waterhouse Coopers (PWC) to audit NNPC, noting that the appointment was unconstitutional. In a statement issued Sunday, Falana said: “As all the probes carried out by the National Assembly since 1999 have failed to check the impunity of the NNPC, the Senate should stop the investigation it has ordered into the missing oil money ($49.8 billion). “Similarly, the Petroleum Minister should stop the illegal audit of the NNPC ordered by her. In the circumstance, the Auditor-General of the Federation should be directed by both chambers of the National Assembly to audit the Federation Account and submit his report to them within one month. “This demand is in consonance with Section 85(4) of the Constitution which states that ‘The Auditor-General shall have power to conduct periodic checks of all government statutory corporations, commissions, authorities, agencies, including all persons and bodies established by an Act of the National Assembly’.” Speaking further, Falana noted that the revelation from the letter written by the Governor of the CBN, Sanusi Lamido Sanusi, on the unremitted $49.8 billion into the Federation Account and NNPC’s reaction to the allegation shows the need for someone to provide clarity as both CBN and NNPC gave conflicting accounts. Falana said the Jonathan administration owes Nigerians a duty to provide clarity on the conflicting figures issued by both parties. http://www.informationng.com/2013/12/falana-calls-on-nassembly-to-order-audit-of-federation-account.html |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(m): 7:52am On Dec 30, 2014 |
xwolverine: Ngwakwe is biased here. 2 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(m): 7:56am On Dec 30, 2014 |
Ngwakwe: So we should keep quiet abi? Even if you're in support of concealing the PwC audit report, How about the education about what Billions of dollars ought to do for Nigerians which is the major thrust of this thread. Please you're a mod so lead by example. Don't derail this thread. 2 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by Ngwakwe: 7:59am On Dec 30, 2014 |
LRNZH: How am I being bias when my stand corroborate with that of learned gentleman Falana I said for umpteempt time, the report of Senate Committee on Finance is more credible and we have been told to wait for it. Why heat up the polity? Do you think Falana will accept the audit ordered by Dr Iweala? 1 Like |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by PassingShot(m): 7:59am On Dec 30, 2014 |
Ngwakwe: You exposed yourself further as not-so-smart really. Falana clearly stated that previous audits conducted by our NA never yielded any result! As such he requested the FG to cause the Auditor General of the federation to audit the allegation. He went further to state that it is the constitutional duty of Auditor General to audit the allegation by submitting that: “This demand is in consonance with Section 85(4) of the Constitution which states that ‘The Auditor-General shall have power to conduct periodic checks of all government statutory corporations, commissions, authorities, agencies, including all persons and bodies established by an Act of the National Assembly’.” Now the question are: 1. Was the Auditor General instructed to do the audit? I doubt. 2. Has any audit been conducted to unravel the mystery? I doubt this also because no evidence suggesting it. 3. Was PWC commissioned by the FG to do the audit? Yes, NOI said so and promised that the report will be available October/November 2014. 4. Has the FG presented the report to Nigerians or provided any reason for the delay? NO. 5. Are Nigerians right in demanding for the audit report? I leave this for the TANoids. It is pure idiocy to even want to support your argument with a call made by Falana a year ago (Dec. 16th 2013); which has not been heeded by the clueless one. Or am I missing something? 9 Likes |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(m): 8:04am On Dec 30, 2014 |
PassingShot: Don't mind the clown. He's trying to derail the thread. The main purpose of the thread is what can be achieved with less than $10Billion. Why can't Nigeria achieve this? Ngwakwe, you have failed to answer this so far. That's why the PwC report is so pertinent. 7 Likes 1 Share |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by SupremeTeam: 8:06am On Dec 30, 2014 |
I thought we have been told to drink our oil. Why are you useless parasites so concerned about oil? |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by Ngwakwe: 8:06am On Dec 30, 2014 |
PassingShot: Who should release the report to Nigerian public? The Senate Committee On Finance or the Finance Minister? Are you conversant with Senate probe on this very matter? Let me quote Dr Bukola Saraki for you on this very matter. “I can say on behalf of the committee that these media reports bear no correlation to the content of the Senate committee report and I would urge the public to disregard it in its entirety. “The committee is yet to receive the report on the forensic audit and independent analysis on the subject clearly indicated we have a lot of grounds to cover in order to determine the level of culpability or otherwise of agency on the alleged non-committal. “Therefore, to suggest any clearance for anybody at this stage is out of the question. I will further advise that the media should wait for the Senate to release the details of the committee report to the public before they jump into spurious conclusions.” |
Re: PHOTOS: 10 Billion US Dollars- A Case For The Hidden PwC Audit Report. by LRNZH(m): 8:10am On Dec 30, 2014 |
Ngwakwe: You have brought his up before and this was my response: LRNZH: You have no argument. 7 Likes |
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