Buhari appoints PwC, KPMG to audit NNPC, CBN, FIRS, others

The Federal Government has appointed renowned accounting and auditing firms, PricewaterhouseCoopers (PwC) and Klynveld Peat Marwick Goerdeler (KPMG) to audit Nigerian National Petroleum Corporation (NNPC) and other agencies.


This came after the National Economic Council’s ad-hoc committee on the management of the Excess Crude Account proceeds and accruals into the Federation Account on Thursday said it had hired two firms, the KPMG and the PriceWaterHouseCooper, to audit the accounts of all Federal Government’s revenue-earning agencies.


Also to be audited are 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.






Buhari and his party, the All Progressives Congress (APC) had accused the Goodluck Jonathan led-administration of undermining previous audit of the agencies.




Hence, there has been tension in many of the agencies marked for investigation of corrupt practices.




Those still in office as well as former staff, including retired or sacked workers, are monitoring developments and anxious of contents of the audit report, it was leant.




Edo State Governor, the chairman of the National Executive Council-backed committee set up to investigate NNPC financial accounts had disclosed that the audit of affected agencies would cover the period between January 1, 2010 and June 30, 2015.


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