Forensic Auditors To Probe ECA, Federation, NNPC Accounts

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 agreed to engage two international accounting firms to carry out a forensic audit of the accounts and the Nigerian National Petroleum Corporation.

The committee is made up of the governors of Edo State, Mr. Adams Oshiomhole; Gombe, Ibrahim Dankwaabo; Akwa Ibom, Emmanuel Udom; Lagos, Akinwunmi Ambode; and Kaduna, Nasir el-Rufai.

The committee at its inaugural meeting on Thursday met with representatives of revenue generating agencies such as the Nigeria Customs Service, Securities and Exchange Commission and the Central Bank of Nigeria, as well as the Revenue Mobilisation Allocation and Fiscal Commission.

Other agencies whose representatives appeared before the committee were the Nigeria Extractive Industry Transparency Initiative, Federal Ministry of Finance, Office of the Accountant-General of the Federation and the Federal Inland Revenue Service.

Read More: punchng

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