Contrary to reports by Premium Times and some other
media, the Coordinating Minister for the Economy and
Minister of Finance, Dr Ngozi Okonjo-Iweala has not
disowned PriceWaterHouse Coopers, the international audit
firm which carried out the recent audit of the alleged
unaccounted for $20 billion.
This is because the forensic audit was actually proposed by
Dr Okonjo-Iweala as the best way to get to the truth
following the disagreement (and widely conflicting figures)
between former CBN Governor (and current Emir of Kano)
Malam Sanusi Lamido Sanusi and the NNPC over Sanusi’s
allegation of unaccounted for funds.
Her proposal was accepted by President Goodluck
Jonathan as well as the Senate, and the President
subsequently directed the Auditor General of the
Federation to lead the work. The Auditor-General later
appointed PwC to carry out the audit.
Dr Okonjo-Iweala therefore respects the process which
produced the audit.
But requesting the audit is of course not the same thing as
hiring the auditor. This was why we made it clear in our last
press release that the suit filed against Dr
Okonjo-Iweala before a Lagos High Court by SIAO
Partners alleging that she appointed PwC to carry out the
audit is frivolous and uninformed.
We urge the relevant media to update their information
based on this clarification. Many thanks.
Paul C Nwabuikwu
Special Adviser to the Coordinating Minister of the
Economy and Minister of Finance
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