Audit report of missing NNPC $10.8b ready soon, says Okonjo-Iweala



•Seeks tracking of campaign funding

By Kingsley Ighomwenghian, Deputy Editor

 

Nearly 10 months after exposure by then Governor of the Central Bank of Nigeria (CBN), Lamido Sanusi, that $20 billion was lying with the Nigerian National Petroleum Corporation (NNPC) unremitted to the Federation Account, Minister of Finance, Ngozi Okonjo-Iweala, has assured that an audit report into the oil money will be out soon.

According to the minister, “initially it was $48 billion, then $20 billion, but the figure we have always had is $10.8 billion.

“I am Minister of Finance, if money is missing … I want to use it for good things for the country, and that was why when we went to the Senate we demanded for forensic audit, the President supported it and asked for it to be done.

Speaking at the Financial Times Africa Summit 2014 in London on Monday, Okonjo-Iweala who is also Coordinating Minister for the Economy, reiterated that the amount is not new and that it had been a source of discussions between the Ministry of Finance and its the Petroleum Resources counterpart.

The huge attention the issue generated, she said, led to the appointment of the firm of PriceWaterHouseCoopers by the Federal Government to undertake a forensic audit.

“We engaged PwC 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”.

Meanwhile, in the build up to the 2015 general elections, Okonjo-Iweala wants Nigerians to show more interest in the ‘how and who funds’ campaigns to various electoral offices in the country.

“We all want democracy, but how do you get it? It involves money.

“If you want accountability and good governance you must discuss issues relating to campaign funds.

“People who sponsor campaigns believe they must get something from the government when elections are won. These are the real elephant in the room and we need to deal with it,” she said.

The issue of campaign funding has been of huge interest, particularly with the activities of Transformation Ambassadors of Nigeria (TAN), which has been organising zonal rallies across the country to drum up support for re-election of President Goodluck Jonathan.

TAN is believed to be sponsored by some moneybags, including friends believed to have benefitted hugely from the administration.

Such rallies are usually attended by top government functionaries led by Secretary to Government of the Federation, Pius Ayim Pius, serving Ministers and Governors eulogising the activities of the administration.

Also speaking on the killer Ebola virus disease (EVD) at the summit, the minister said Nigeria ought to be commended for ensuring the index case did not take the illness out of the country in addition to containing it.

“Nigeria did a great service by stopping (Patrick) Sawyer who was Minnesota bound. Ebola cannot be said to be the real elephant in the room, as it has been hyped beyond proportion by the media,” Okonjo-Iweala said.

Madame i believe you, we are patiently waiting.








How did i become the first to comment Google gimme answers now!!!

Super Story.

Another coding.

Clowns

chai!.... lies upon lies .. thieves!

Waiting... Hope soon is not 2017?

Αвσυт тιмє

Another money gobe

Hmmm....after 10 months...another campaign strategy....Jonathan friends need to be careful cause he might use them as scapegoat for political score.

We are waiting. But let there be transparency. Hope it will really contain the truth.

Doctored audit.

I pray ooo! From missing money to south africa taking our money! Waz next? God plz help diz country.

At last...we shall know everything!

(And we hope this means a big clean up at the NNPC Towers.)

naija I hail oooooo

And what is gonna be done to the report after its release?
Let me guess; just like the rest of the innumerable reports that have found permanent residence in some dingy shelf in Jonathan's bedroom, this is also gonna find a befitting space to occupy!

Keep fooling yourselves. Mscheew.

Who been carry am b

suddenly, some months to election, everything starts going well



meanwhile, see how this girl is giving it hard to a horse with extra large JT

READ HERE http://www..com

phaat:
Audit report of missing NNPC $10.8b ready soon, says Okonjo-Iweala



•Seeks tracking of campaign funding

By Kingsley Ighomwenghian, Deputy Editor

 

Nearly 10 months after exposure by then Governor of the Central Bank of Nigeria (CBN), Lamido Sanusi, that $20 billion was lying with the Nigerian National Petroleum Corporation (NNPC) unremitted to the Federation Account, Minister of Finance, Ngozi Okonjo-Iweala, has assured that an audit report into the oil money will be out soon.

According to the minister, “initially it was $48 billion, then $20 billion, but the figure we have always had is $10.8 billion.

“I am Minister of Finance, if money is missing … I want to use it for good things for the country, and that was why when we went to the Senate we demanded for forensic audit, the President supported it and asked for it to be done.

Speaking at the Financial Times Africa Summit 2014 in London on Monday, Okonjo-Iweala who is also Coordinating Minister for the Economy, reiterated that the amount is not new and that it had been a source of discussions between the Ministry of Finance and its the Petroleum Resources counterpart.

The huge attention the issue generated, she said, led to the appointment of the firm of PriceWaterHouseCoopers by the Federal Government to undertake a forensic audit.

“We engaged PwC 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”.

Meanwhile, in the build up to the 2015 general elections, Okonjo-Iweala wants Nigerians to show more interest in the ‘how and who funds’ campaigns to various electoral offices in the country.

“We all want democracy, but how do you get it? It involves money.

“If you want accountability and good governance you must discuss issues relating to campaign funds.

“People who sponsor campaigns believe they must get something from the government when elections are won. These are the real elephant in the room and we need to deal with it,” she said.

The issue of campaign funding has been of huge interest, particularly with the activities of Transformation Ambassadors of Nigeria (TAN), which has been organising zonal rallies across the country to drum up support for re-election of President Goodluck Jonathan.

TAN is believed to be sponsored by some moneybags, including friends believed to have benefitted hugely from the administration.

Such rallies are usually attended by top government functionaries led by Secretary to Government of the Federation, Pius Ayim Pius, serving Ministers and Governors eulogising the activities of the administration.

Also speaking on the killer Ebola virus disease (EVD) at the summit, the minister said Nigeria ought to be commended for ensuring the index case did not take the illness out of the country in addition to containing it.

“Nigeria did a great service by stopping (Patrick) Sawyer who was Minnesota bound. Ebola cannot be said to be the real elephant in the room, as it has been hyped beyond proportion by the media,” Okonjo-Iweala said.

by 2013,the audit shoule be out!!!...BUNCH OF ENOGMATIC THIEVES

phaat:
Audit report of missing NNPC $10.8b ready soon, says Okonjo-Iweala



•Seeks tracking of campaign funding

By Kingsley Ighomwenghian, Deputy Editor

 

Nearly 10 months after exposure by then Governor of the Central Bank of Nigeria (CBN), Lamido Sanusi, that $20 billion was lying with the Nigerian National Petroleum Corporation (NNPC) unremitted to the Federation Account, Minister of Finance, Ngozi Okonjo-Iweala, has assured that an audit report into the oil money will be out soon.

According to the minister, “initially it was $48 billion, then $20 billion, but the figure we have always had is $10.8 billion.

“I am Minister of Finance, if money is missing … I want to use it for good things for the country, and that was why when we went to the Senate we demanded for forensic audit, the President supported it and asked for it to be done.

Speaking at the Financial Times Africa Summit 2014 in London on Monday, Okonjo-Iweala who is also Coordinating Minister for the Economy, reiterated that the amount is not new and that it had been a source of discussions between the Ministry of Finance and its the Petroleum Resources counterpart.

The huge attention the issue generated, she said, led to the appointment of the firm of PriceWaterHouseCoopers by the Federal Government to undertake a forensic audit.

“We engaged PwC 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”.

Meanwhile, in the build up to the 2015 general elections, Okonjo-Iweala wants Nigerians to show more interest in the ‘how and who funds’ campaigns to various electoral offices in the country.

“We all want democracy, but how do you get it? It involves money.

“If you want accountability and good governance you must discuss issues relating to campaign funds.

“People who sponsor campaigns believe they must get something from the government when elections are won. These are the real elephant in the room and we need to deal with it,” she said.

The issue of campaign funding has been of huge interest, particularly with the activities of Transformation Ambassadors of Nigeria (TAN), which has been organising zonal rallies across the country to drum up support for re-election of President Goodluck Jonathan.

TAN is believed to be sponsored by some moneybags, including friends believed to have benefitted hugely from the administration.

Such rallies are usually attended by top government functionaries led by Secretary to Government of the Federation, Pius Ayim Pius, serving Ministers and Governors eulogising the activities of the administration.

Also speaking on the killer Ebola virus disease (EVD) at the summit, the minister said Nigeria ought to be commended for ensuring the index case did not take the illness out of the country in addition to containing it.

“Nigeria did a great service by stopping (Patrick) Sawyer who was Minnesota bound. Ebola cannot be said to be the real elephant in the room, as it has been hyped beyond proportion by the media,” Okonjo-Iweala said.

by 2013,the audit shoule be out!!!...BUNCH OF ENOGMATIC THIEVES..

Na nollywood movie? ....."Coming soon"

ARMLESS ROBBERS ON THE RUNN

From $40billion to $20
then $10.8 billion
nawa 4 naija


election is fast aproaching,bunch of lunatics playing good cop,hoping to score cheap political points...




In ay's voice...


Remember


God is watching you in 3D

Okonjo and Jonathan embezzling Money since 1960. So you people think say we be fool abi? Anyway, Election is at hand so our president is really preparing hard to spend. Thank God say you did nt plan to fly d Money to South Africa this time around but all the same, dereisGod

Mtcheww and u want us to believe this P00 chai God naija is a bad dream

Aunty ngor all we want is the Money any other story can followed after we set eyes on the Money.

Thats great. Fish em out

Madam okonjo. We don't need reports of the missing money.

We need the missing money itself.

This country is a big joke, chi this country is finished RIP to Nigerian. Money keeps getting missing yet they won't find it.

e go better

The Good boy and the oil goddess.

























































































Milking Nigeria dry since 2010.

Father that I may be part of the Nigerian government! Kenti yesu christi, Amen!