Ngwakwe:


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.”

PassingShot:


Should Nigerians be asking PWC or the FG for the report? I need only a yes or no answer.

Ngwakwe:
It is the National Assembly that needs to release a comprehensive report on the said scandal and not the Executive.

Hon. Aminu Tambuwal, Sen. David Mark and NASS owe Nigerians that duty and we are still expecting their report as part of their oversight functions.

The Executive is not expected to present an unbiased report in a scandal involving an agency under it hence the call by Lai Mohammed shows the depth of his mental capacity and bias.

There are three branches of government in a democracy and they are responsible for checking the excesses of each other.

Quoting the words of Senator Bukola Saraki on the $20 billion scandal "Let's allow the Senate to finish their job to avoid what happened to Nuhu Ribadu's committee report from repeating itself" end of quote.

Ngwakwe:
I still stand on my first comment on this very subject and it is the most valid statement ever.

Every other political talk is just an attempt on misplaced responsibility.

PassingShot:



Ngwake, stop shooting yourself on the foot please! And stop derailing the thread!

According to your post, the NA committee has not received the forensic audit report. from who or where? Is it not from the same PWC engaged by the FG? Why have they not submitted the report is now the question.

Should Nigerians be asking PWC or the FG for the report? I need only a yes or no answer.

Ngwakwe:
I still stand on my first comment on this very subject and it is the most valid statement ever.

Every other political talk is just an attempt on misplaced responsibility.

Ngwakwe:


No

We should wait for Senate Committee On Finance for unbiased report where indictment for wrongdoing will be placed on guilty parties while innocent parties should be absolved.

Ngwakwe:
Remember we had this report by PwC submitted to the Minister of Petroleum before the Finance Minister, Dr Iweala ordered for the forensic herself

modhream:

U keep rubbishing urself,Ngwakwe.Give it up.Learn to keep quiet in the face of superior argument n unassailable facts.Last paragraph of that news report u quoted said the minister of petroleum will soon make their own report public.That was in December 2013,we're almost in 2015 now.
The one we're now asking for if the one the MOF herself instituted,after admitting $10b is missing.Time is due n well past she promised to make it public,WHERE IS THE REPORT?

Ngwakwe:


No

We should wait for Senate Committee On Finance for unbiased report where indictment for wrongdoing will be placed on guilty parties while innocent parties should be absolved.

LRNZH:


This your ignorant opinion.


More importantly why don't we have this thread on the front page? Are you saying it is irrelevant to Nairalanders?

Ngwakwe:


No thread is irrelevant and certainly not this one

The presentations on this thread has no political connotation rather quotations/ financial plan for project execution based on imaginary mismanagement.

Remember, I haven't absolved the NNPC of any wrongdoing based on Sanusi's revelations

LRNZH:


See the flaws in your argument.

1. When NOI announced in April that PwC was commissioned to carry out the forensic audit she was not talking to Senators but the general public.
Therefore, Nigerians have a right to ask and see this report.

2. Investigations have shown that the Gov't is denying that the report has been submitted to it by PwC. However same investigation have also shown that the report is with the Gov't already.
Why is the GEJ Gov't denying possession of the report of it has nothing to hide?

Please stay on topic

http://www.premiumtimesng.com/news/headlines/173866-nigerian-govt-suppressing-audit-report-missing-20-billion-oil-money-apc.html

Ngwakwe:


Dr Ngozi Okonjo Iweala is trying to protect her dignity in the court of public opinion and more also the allegations by Mallam Sanusi has to do with NNPC illegally holding back money belonging to Federation Account.

Then to your question proper. Has Dr Iweala reneged on her promise? Or Is the opposition trying to search for campaign topic?

Target time for submission of the report by PwC to the Executive is November 2014 and her decision to make it public is on her terms but whether it was delivered by PwC on the said date is another matter.


Have you read any news (foreign or local) indicating that PwC has submitted the report?

PassingShot:


[size=15pt]YOU ARE NOT SERIOUS AND SHOULD NOT BE TAKEN SERIOUS BY ANYONE WHO MEANS WELL FOR NIGERIA.[/size]

LRNZH:


NOI adilmitted that at least 10.9 Billion US Dollars is missing from NNPC. Sls was sacked even though he was the one who pointed it out.

I showed what has been achieved elsewhere with less than 10 Billion US Dollars .

And you say it has no political relevance with elections in view?

Are you joking?
Seun come and read your mod's logic
Meanwhile less politically relevant topics make FP all time.

Ngwakwe:


Stop the obsession with the Executive and pressure your elected legislature to do their job.

In this matter the principle of checks and balance require the NASS to deliver an unbiased report to Nigerian people than report of internal reconciliation by Executive branch.

What is wrong with waiting for Senate Committee on Finance report?

Ngwakwe:


Stop the obsession with the Executive and pressure your elected legislature to do their job.

In this matter the principle of checks and balance require the NASS to deliver an unbiased report to Nigerian people than report of internal reconciliation by Executive branch.

What is wrong with waiting for Senate Committee on Finance report?

LRNZH:


Come out and categorically state it.

You're saying Nigerians should not ask for the report even though investigations have shown that it has been submitted to PwC.
I am shocked.

We are asking everyone, Legislature and Executive unless you don't think Nairaland is an avenue to raise awareness on pertinent national issues.

In that case you're not qualified to be a mod.

Ngwakwe:


You are just being sentimental about my contributions hence the attempt to stop me from challenging your half bake truth and outright lies

I'm glad.
I have challenged your ignorance and bias with facts all the way.

I'm not the only one reading this.
Your lack of objectivity, your penchant for bias and going off point is clear for all and sundry to witness.


Hahahahaha. See mod.

LRNZH:


I'm glad. I'm not the only one reading this.
Your lack of objectivity, your penchant for bias and going off point is clear for all and sundry to witness.


Hahahahaha. See mod.

Ngwakwe:


You want me to give up my inalienable right to self expression for what exactly?

LRNZH:


For this.

Generally, it is wiser to be a concealed slowpoke than to confirm it to the public with utterances.

Not for you specifically.

Ngwakwe:



Thanks for the information

LRNZH:

1.The THSR 700T - Taiwan High Speed Rail (Cost $3.4 billion US)
This operates on the high-speed line between Taipei and Kaohsiung in Taiwan. The train entered into service with Taiwan High Speed Rail in January 2007.
It operates at a speed of 300kmph reducing the journey time between the two cities from four hours to just 90 minutes.
It was constructed by Kawasaki, Hitachi and Nippon Sharyo. Based on Kawasaki's 700 series Shinkansen trains, the 700T was the first Taiwanese rolling stock to import Japanese high speed rail technology.
The total investment for manufacturing the initial 30 trains in the series reached about NT$100bn ($3.4bn).courtesy of Oduastates

LRNZH:


1. If an earlier PwC report has absolved NNPC of wrongdoing, why was PwC commissioned to do another forensic audit? Is that not a waste of tax payers money?

LRNZH:


I don't think Nigerians understand what 1 Billion US Dollars is.

Ngwakwe:


I am a busy but let me answer some of your questions

The earlier PwC audit report justifying NNPC got to do with crude export figures
According to PwC and I quote: "The firm faulted Sanusi (CBN) on the ground of double counting and narrow coverage of revenue statistics, even as it noted that the CBN did not question production figures, which could have provided basis for the allegation of missing billions of naira.

The report faulted the statistics used by the CBN governor on the ground that the correct data was domiciled with the Department of Petroleum Resources (DPR) and that statistics provided by a unit of the CBN did not tally with the data from the DPR.


Sanusi's allegation against PwC previous Audit and report
Investigation: “Now in investigation and trying to understand where those leakages were, our attention was drawn to a huge difference between what appeared to be export of crude made by NNPC and amount repatriated into the crude equity account of the Federal Government.

Sanusi to my understanding is questioning total crude export made by NNPC and what sales data Department of Petroleum Resources (DPR) has for which PwC used for their Audit.