Home BUSINESS BANKING & FINANCE Probe Of NNPC, CBN, FIRS, Others Begins; 2 International Accounting Firms...

Probe Of NNPC, CBN, FIRS, Others Begins; 2 International Accounting Firms Employed

Muhammadu Buhari-led Federal Government has made good its promise by appointing two renowned accounting and auditing firms: PricewaterhouseCoopers (PwC) and Klynveld Peat Marwick Goerdeler (KPMG) to audit the accounts of the Nigerian National Petroleum Corporation (NNPC), the Central Bank of Nigeria (CBN), Federal Inland Revenue Service (FIRS), Nigeria Customs Service (NCS), Department of Petroleum Resources (DPR) and Nigerian Maritime Administration and Safety Agency (NIMASA).

Others are Securities and Exchange Commission (SEC), Revenue and Mobilisation Allocation Federation Commission (RMAFC), Federal Ministry of Finance, Nigerian Ports Authority (NPA), Office of the Accountant General of the Federation, Nigerian Extractive Industry Transparency Initiative (NEITI) among others

The move by the government to probe these agencies was made known today by the Edo State Governor, Adams Oshiohole shortly after a meeting of the National Executive Council-backed committee set up to investigate NNPC financial accounts at the Presidential Villa, Abuja.

He said that the audit of affected agencies would cover the period between January 1, 2010 and June 30, 2015. [myad]