Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,207,015 members, 7,997,552 topics. Date: Friday, 08 November 2024 at 12:47 PM

Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala (12288 Views)

Nigeria Is Not Broke - Ngozi Okonjo-iweala / Walmart Nigeria: Good Or Bad Idea? (Ngozi Okonjo-Iweala) / New CBN Audit Report Out - 3 More Banks Indicted (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by lafuria1(m): 10:39am On Oct 07, 2014
I thought no money was missing?
Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by englishmart(m): 10:40am On Oct 07, 2014
lilprinze:
h
Please make sure you build on this plot.

1 Like

Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by Nobody: 10:45am On Oct 07, 2014
Lies over lies!

1 Like

Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by nigerianvenom(m): 10:46am On Oct 07, 2014
Youngzedd:
Super Story.

Another coding.

there is nothing that the FG will do dat will mak u guys happy.
APC is just an annoyed conglomerate
Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by Dee60: 10:47am On Oct 07, 2014
We are waiting. Please tell the nation the truth and nothing but the truth. Posterity may judge you solely on the way this matter is handled. 10 billion dollars is no small money. Some nations do not earn that in 10 years.
Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by Dsd1pumpking(m): 10:48am On Oct 07, 2014
e go better
9ja go better
Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by micolaj: 10:51am On Oct 07, 2014
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, [/b]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.

THE REPORT OF LIES. just look @bolded "I AM THE FINANCE MINISTER, IF MONEY IS MISSING". you can see that it`s ILLOGICAL TO REASON LIKE THIS
Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by Nobody: 10:51am On Oct 07, 2014
masonkz:
Clowns
Thieves-ole-bara'o na him de b

1 Like

Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by Youngzedd(m): 10:54am On Oct 07, 2014
nigerianvenom:


there is nothing that the FG will do dat will mak u guys happy.
APC is just an annoyed conglomerate

Nawaa for you Ooooo.

I don't support APC and will never.

Oga GEJ na ma man, but that doesn't mean we all should fall mugu naa.

1 Like

Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by Nobody: 10:57am On Oct 07, 2014
NNPC is stealing
Oil mafia sponsoring
Tan spending
Aunty Ngozi is slping
Efcc is dozing
Jonathaians are campaigning
South Africa is seizing
Pej is watching
Chibok girls are missing
Army is fighting
Shekau is appearing
2015 is coming
Gej is Going

4 Likes

Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by ddeola: 10:58am On Oct 07, 2014
Na today ! grin
Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by hardywaltz(m): 10:58am On Oct 07, 2014
We already know where the money is - $ 9.3mil + $5.7mil
The money is turning up slowly.

1 Like

Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by PStacks(m): 11:00am On Oct 07, 2014
The audit report would be ready or the "Doctored Audit Report"..

Who is fooling who?

Mtcheeew.

1 Like

Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by kazmanbanjoko(m): 11:03am On Oct 07, 2014
.

2 Likes 1 Share

Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by Pancho01(m): 11:04am On Oct 07, 2014
Good for them
Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by belente(m): 11:10am On Oct 07, 2014
Any body found cupable must b charged
Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by Remii(m): 11:11am On Oct 07, 2014
nigerianvenom:


there is nothing that the FG will do dat will mak u guys happy.
APC is just an annoyed conglomerate

they can all resign i. e quit govt, that should make him happy, grin
Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by adewasco19(m): 11:15am On Oct 07, 2014
Rubbish.....awon ole buruku

1 Like

Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by ojobekehinde: 11:21am On Oct 07, 2014
I doubt it if u ppl kn what auditing is all about,it take tym and a lot of concentration.forensic auditing for dt matter,patience is needed.period.
Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by duni04(m): 11:22am On Oct 07, 2014
That woman that used to form "better than the system" before is now part of the system.
Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by otokx(m): 11:24am On Oct 07, 2014
belente:
Any body found cupable must b charged

no living person will be found cupable.
Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by duni04(m): 11:25am On Oct 07, 2014
nigerianvenom:


there is nothing that the FG will do dat will mak u guys happy.
APC is just an annoyed conglomerate
Yes we will continue complaining until nigeria becomes an utopia
Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by Tibins(m): 11:31am On Oct 07, 2014
teniola55:
by 2013,the audit shoule be out!!!...BUNCH OF ENOGMATIC THIEVES

Hey man, raw words here. SHE SAID Pw/COOPERS ASKED FOR 16 WEEKS TO DO ITS WORK. 11 OR 12 WEEKS GONE NOW.... THAT MEANS 4 OR 5 WEEKS MORE TO GO.... WHEN THEY FINISH THE REPORT WILL BE READY.... PLEASE BETWEEN LINES!
Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by baddal: 11:34am On Oct 07, 2014
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.


We are not interested, after it has been manipulated what else good will come out of it.

1 Like

Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by Jakeattah(m): 11:34am On Oct 07, 2014
Who are they trying to decieve.... Thieves

1 Like

Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by eleko1: 11:35am On Oct 07, 2014
sad sad sad.ok we are waiting for una fabrication fairy Tales.May the good God that delivered Isrealites from Pharaoh of yesterday will deliver Nigerians from the hands of GEJ and his corrupt armies dat surround him. sad

1 Like

Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by Tibins(m): 11:39am On Oct 07, 2014
micolaj:
THE REPORT OF LIES. just look @bolded "I AM THE FINANCE MINISTER, IF MONEY IS MISSING". you can see that it`s ILLOGICAL TO REASON LIKE THIS

What's illogical about this... Don't tell us how illogically u are reasoning. Be neutral & open your mind to both sides of the story so you can make sound judgment. It seems you are are already taking sides.
Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by j4sure(m): 11:40am On Oct 07, 2014
Oya now.let go there
Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by lawrenceunaa: 11:41am On Oct 07, 2014
missing money abi stolen money

1 Like

Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by Trailblazer1(m): 11:49am On Oct 07, 2014
Hear it all from one of the most competent personalities in the world economy, an economist Par Excellence.
Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by eleko1: 11:53am On Oct 07, 2014
My broda.I tire oooooooo.Let just sidon look/wait for the report.Won't be surprise if they tell us dat the money was used to fixed leaking roof in Aso rock
lawrenceunaa:
missing money abi stolen money

1 Like

Re: Audit Report Of Missing NNPC $10.8b Ready Soon, Says Okonjo-iweala by Nobody: 11:54am On Oct 07, 2014
Till now she's still trying to obfuscate matter by claiming the figures have been changing, all in an effort to attack the credibility of whistle blower.

(1) (2) (3) (4) (Reply)

Funke Opeke & Judith Gardiner Confirm Mainone's Takeover By Equinix / Good News To Football Lovers / Need A Business Idea? Here Are 55

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 34
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.