16 Feb 2015
Emir of Kano, Alhaji Muhammed Sanusi II

Following the submission of its 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 called for public apology from Emir of Kano, Alhaji Muhammed Sanusi II, and the opposition party, APC, which had echoed the wild and controversial allegation.

The group said as a mark of honour, the onus now falls on the Kano Emir, who as governor of the Central Bank of Nigeria (CBN), raised the initial alarm that led to the probe.

In a statement made available to journalists in Abuja, the group stated that the hoax raised by Sanusi, was an embarrassment to President Goodluck Jonathan, Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke and to the Nigerian state and as such ought to be followed by an apology, having been found to be untrue.
According to the group, the allegation focused more international attention on Nigeria just like the audit report did, adding that with the world watching, those who initially raised the allegation, and indeed, “all those who reached judgemental conclusions, ought to swallow their pride and tender public apology to the president, the minister and also the senate of the Federal Republic”.

It said such and act will be a show of humility, natural patriotism and respect for self and others.

“Recall that the incumbent Emir of Kano, Alhaji Muhammed Sanusi II, a man we all hold in high esteem, as governor of the Central Bank of Nigeria (CBN), raised the initial allegation that set off the probe by the audit firm of PriceWaterhouseCoopers.

“We also note that the Senate had mandated its committee of Finance chaired by Ahmed Makarfi to investigate the allegation. Despite the senate declaring that no money was missing, the figures kept changing and eventually we were left with something like $49b missing.

“That prompted Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala to institute a probe by the audit firm of PriceWaterhouseCoopers, which recently submitted the final report to President Jonathan.

“In its report, the auditors stated that “1. The gross revenue generated from FGN crude oil lifting for the period 1 January 2012 to 31 July 2013, was US$69.34billion and not US$67billion reported by the Reconciliation Committee. 2. The total cash remitted into the Federation Accounts in relation to these crude oil lifting, was US$50.81billion and not US$47billion as earlier reported by the Reconciliation Committee. 3. The balance of the generated revenue is accounted for as follows: a)Revenue reported by NPDC of US$5.11billion reported by the MD, Mr. Briggs during the Senate hearings will be accounted for through the financial statements of NPDC, and any dividend declared will flow into the Federation account. b) PMS and DPK Subsidy of US$8.7billion c) NNPC’s initial costs verified and accepted by the senate of US$2.65billion d) Additional NNPC costs following the forensic audit US$2.81billion e) Added to the Revenue is the unremitted NPDC signature bonus due for divested assets and taxes/royalties totaling US$2.22billion. e) Hence the net amount attributable to the federation account following the above summary is US$1.48billion” the group said in the statement signed by its national Coordinator, Clem Aguiyi.

According to the group, the audit report, which has put to rest issues involved in the allegation, makes it more than necessary for “all those who reached judgemental conclusions, ought to swallow their pride and tender public apology to the president, the minister and also the senate of the Federal Republic”.

“As a group which was in support of the call for a probe, we now feel that having had the result with the allegation of $49billion missing proven to be false, we therefore call on the Emir of Kano, and indeed, all those who worked to heat up the polity and insulted the President of the Federal Republic and the Minister of Petroleum Resources, to own up to their faults and apologise to the nation”, it said.

Speaking further, the group said “such apology will come as fence mending and a mark of honour given that this was an issue that attracted attention of the international community”.

MoveOn Nigeria however called on President Jonathan, to take action on other recommendations by the report while also urging the national Assembly to expedite action on the passage of the Petroleum Industry Bill (PIB), which according to it, will expressly resolve some of the findings of the audit as regards NNPC procedures and enabling law.

The group called on government to establish special corruption courts with specialised judges so as to ensure speedy conclusion of corruption cases. A situation where corruption cases are allowed to linger for some times 12 years without conclusion is grossly unacceptable. The group coordinator also urged for the probe of the activities of NNPC under Obasanjo era so as to put a closure to all the wide allegations and speculations concerning loses in revenue to the Federal government.

The President praised the Jonathan administration for having the courage to audit itself .

source:THISDAY

only $1.48 billion?

Yes... An apology is deserved.

Well said.

SeverusSnape:
Yes... An apology is deserved.

no apology my friend.
i don't believe that report

Buhari will look into the matter when he becomes president.

Gbam

I posted the below in this thread https://www.nairaland.com/2143552/apologise-jonathan-honour#30662177

I dey laugh......Integrity my a$$

PwC fined $25 million for role in terrorist-state money-laundering

http://nypost.com/2014/08/18/pricewaterhousecoopers-fined-25-million-for-role-in-terrorist-state-money-laundering/

PwC helped the leading Japanese bank hide its ties to the terrorist shocked states by whitewashing the language in its audit report to make it less likely it would draw the attention of Ben Lawsky, superintendent of the New York Department of Financial Services, and other regulators, according to the settlement.

PwC is also suspended for two years from consulting shocked shocked shocked



Nigerians should demand for a refund from PWC.
why is this GOVT always romancing with crminials

Nigerians should demand for a refund from PWC

Grendel:






no apology my friend.
i don't believe that report

Buhari will look into the matter when he becomes president.

in his dream.

Funny, that's not the best way to change figures.

Some things about this country leave me wondering what exactly some of us have got upstairs. This is totally appalling.

which buhari are u talking about, the one that didn't know d meaning of inec, the one that is certificateless, or couldn't remember the name of his running mate, how on earth do u expects him to understand all the statistical and financial terms used? come on man be serious

Grendel:






no apology my friend.
i don't believe that report

Buhari will look into the matter when he becomes president.

Nonsense!
Jonathan should first explain what happened to our foreign reserves and SURE-P funds. Besides we don't need any one to tell us that the looting in the oil sector is worse than we think.


Buhari is coming to deal with them

#changeishere
#buhariosinbajo

[s]

Grendel:






no apology my friend.
i don't believe that report

Buhari will look into the matter when he becomes president.

[/s] [size=25pt]HERE IS ONE OF BUHARI'S 150 COWS[/size]

Donmarrius:
[s][/s] [size=25pt]HERE IS ONE OF BUHARI'S 150 COWS[/size]

your father is a cow

I just dont believe what I read in the papers these days.

[s]

obi4eze:
Nonsense!
Jonathan should first explain what happened to our foreign reserves and SURE-P funds. Besides we don't need any one to tell us that the looting in the oil sector is worse than we think.


Buhari is coming to deal with them

#changeishere
#buhariosinbajo

[/s]
[size=25pt] When your useless Aregberascal of Osunistan,and all those leprous governors from northAfghaNORTHistan,are besieging Abuja with their two left legs,for allocation,while they contributes near to zero,into Federation account,do you think Gej use to pooh pooh the money,and give to them?.[/size].

BTW,Gej will audit it,and shame will kill you,as it is happening to SLS now.

Grendel:


[size=35pt] My father is a cow[/size]

How about you mother,what is she?

GEJ till 2019

Nigerians are too full of themselves to own up to wrongs let alone apologise.

Is this a joke or something? Who will apologise for the $1.4b missing. We all know that NNPC did plenty of cover up yet $1.4b was still missing. If Sanusi didn't blow the whistle who will know that kind of whooping sum was stolen. Incase you don't know $1.4 in Naira is approx. 300billion. Is this another another case of "how much did Jim Nwobodo stole"? I cry for my country.

Pricewaterhousecoopers is a known corrupt company. No wonder the F.G hired them. Two corrupt entities. Only fools can be deceived by their findings.

SeverusSnape:
Yes... An apology is deserved.

My friend.... You people call 1.48billion dollars just?

Just imagine the last digit were to be given to you...

Imagine the road that will construct?

For your information, total allocation for kwara state for the past four years no reach that amount.


Btw, if it is true, why is madueke afraid?

You hear auditors dey come, wnt you try to quickly reconcile your books?

Gish...... Me i still smell lies o.

Donmarrius:
[s][/s] [size=25pt]HERE IS ONE OF BUHARI'S 150 COWS[/size]

This post is the most funniest of 2015

chymystique:
if I was SLS I will not apologise.. This so called group shld give just one single reason y he shld do that? If not for SLS the masses wouldnt ve known that huge amounts of money were missing @ all.. it woulda been swept under the carpet as usual.. nonsense

No money was/is missing, the said 1.4m is not missing, however it is yet to be remitted to federal coffers. Now go back to ROMANCE section, that's your calling & leave politics for capable brains

$1.48billion is quite big but the difference between $1.48billion and $20billion or $40billion is much bigger. I think stealing has been going on in the NNPC anyway. This has always been a justifiable long forgone conclusion by the populace.