The Nigerian government has finally opened up on why it has refused to disclose the full findings of investigations into the alleged missing $20 billion oil money, several months after a forensic examination had been concluded by an independent firm.
The audit report by PriceWaterHouseCoopers on the Nigerian National Petroleum Corporation, NNPC, accused of diverting the money, has been ready since September 2014, but the government has declined repeated demands to make the document public.

Amid pressure from the public and the opposition All Progressives Congress, APC, the government early February issued a “highlight” of the report, with a conclusion that the alleged missing $20 billion, exposed by a former Central Bank Governor, Lamido Sanusi, was a farce.
The “highlight” concluded that less than $2billion was missing.

Ahead of elections in March, the government has come under increased pressure to publish the full report.
On Monday, the presidential candidate of the APC, Muhammadu Buhari, urged President Goodluck Jonathan to release the full report and publish same in national newspapers to allow Nigerians establish how their money was spent.


Civil Society groups and the media have also asked PwC to disclose the full report.
In an interview with the Financial Times of London, published Monday, Nigeria’s Petroleum Minister, Diezani Alison-Madueke, said the government could not publish the report ahead of elections as only the country’s Auditor General has the powers to do so.
Even more important, the minister said the government was not making the report public to avoid a “rabid opposition”- a reference to the APC – from finding “all sorts of minute detail [in the full report] to create concern”.

President Jonathan had on February 3 received the report of the forensic audit carried out on the accounts of the NNPC from Uyi Akpata, the country senior partner for PriceWaterHouseCoopers.

The presentation came a day after a former Central Bank governor, Charles Soludo, accused the government of mismanaging the economy and refusing to table the audit report for all to see.

Finance ministry officials had long told PREMIUM TIMES that the report was submitted months ago by the audit firm, but was kept away by the Minister of Finance, Ngozi Okonjo-Iweala, and the Auditor General of the Federation, Samuel Ukura.

In what appeared a hurried response to Mr. Soludo’s allegations, President Jonathan suspended campaign activities to receive the report in the presence of journalists.
While the President did not give any insight into the details of the report, he assured that the document would be sent to the Auditor General of the Federation and also promised a comprehensive reform of the oil sector.

In her interview with the United Kingdom-based newspaper, Mrs. Alison Madueke insisted that both she and President Goodluck Jonathan were not opposed to the publication of the forensic report.She however said the report has “vindicated” her.

The controversy over the alleged missing money started September 2013 after Mr. Sanusi sent a memo to President Jonathan, alleging that the NNPC was diverting oil revenues for at least 18 months, amounting to $49.8 billion, about N8 trillion.
Despite data and documentation provided by the CBN governor, the government denied losing any money.
At an investigative hearing by the Senate Finance committee in 2014, Mrs. Okonjo-Iweala said the un-reconciled amount stood at “only” $10.8 billion.
The government later claimed the $10.8 billion was used for payment of fuel subsidies.
The Senate probe established less than $1 billion was “missing”.
Mr. Sanusi himself later reviewed his figure to $20 billion, shortly before he was fired by the president.
The government pledged that an independent audit by PwC will be ready by May 2014. That promise has yet to be fully kept.


http://www.premiumtimesng.com/news/headlines/177469-missing-20-million-oil-money-why-we-cant-publish-full-details-of-audit-report-nigerian-govt.html
lalasticlala, seun fp o

Na ya father for sit on am before, ya tink d way dey run govt is like ya village meeting ? Ogbenni, tink before ya type, no type before ya tink!

Good afternoon Sir.

OREMUSSANCTUS:
Na ya father for sit on am before, ya tink d way dey run govt is like ya village? Ogbenni, tink before ya type, no type before ya tink!

this president sef...

praxisnetworks:
Good afternoon Sir.

uwc boi

Afam4eva, OAM4J, Ikenna351, maclatunji, Ngwakwe FP material o

So you want Buhari to go sit on it?

Na lie, una don fail

GbemigaO says:
As fas as i am concerned, asking NNPC to pay back $1.8B is missing the point. They will still use our money to pay back the money. Nobody is prosecuting those that kept the $1.8b in the first instance !

As e be:
Hahahahahahahaha......President Deziani has spoken, you all can go to bed. What a nation... Tufiakwaaaa

Ben Ari:
If the report vindicates you, by all means, publish it and we'll see if it truly vindicates you. This is not just a worthless government, but one that is completely venal and firm in its belief that the ruled are a bunch of idiots. This creepy cabal filled with thieving rats don't even appreciate the illogic of their own statements. The Bible talks about the abomination that occurs when a servant becomes king in Proverbs 30:

21Under three things the earth quakes, And under four, it cannot bear up: 22Under a slave when he becomes king...

Men of base character - rascals, knaves and scallywags, with Jonathan at their head, are at the reins of power in Nigeria and a worse abomination cannot be imagined

pheliciti:
I'm sure we can clearly see one of the many compasses directing Jonathan. At this rate, sticking with Jonathan is straight forward to a shipwreck..

lies from the pit of hell. PWC SAID THERE IS NO MISSING MONEY BUT GOVERMENT SHOULD DOCUMENT BETTER FOR THE 1.4 BILLION DOLLARS. And i hope ur hatred for gej will not make to question pwc report

SHOW US A SIGNED/SEALED COPY OF THE REPORT! and you just mentioned $1.4billion just like that?

unlimitedbosco:
lies from the pit of hell. PWC SAID THERE IS NO MISSING MONEY BUT GOVERMENT SHOULD DOCUMENT BETTER FOR THE 1.4 BILLION DOLLARS. And i hope ur hatred for gej will not make to question pwc report

All the hediots shouting GEJ here on NL are busy selling their future because of N3,500 monthly which would stop after election, while una Oga sidon ontop $20bn and na that one we still see, he go don chop pass $100bn.