NNPC To Publish Financial Transactions Periodically

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu has said that the corporation will from next month publish periodically its financial transactions. The new development, according to Kachikwu,is aimed at ensuring transparency in the financial transactions of the corporation.

Stressing that transparency must be the new watchword of the corporation, the Group Managing Director who held a town hall meeting with employees of the NNPC, maintained that the corporation must be built on the foundation of accountability and transparency.

Read More: ngrguardiannews

Publish Jonathan’s Handover Notes, PDP Reps Charge PMB

The House of Representatives has asked President Muhammadu Buhari to publish the handover notes of former President Goodluck Jonathan in the official  gazette of the federation.

The resolution,Tuesday, at resumption of plenary after a recess, followed a motion by Uzom Nkem-Abonta who observed that only officials of the presidency have access to the document at the moment.

Mr. Abonta however noted that “some extant laws may place restrictions on the publication of the document” even though it is a public document.

He stated, “Handover note would expectedly have captured the activities, projects, programmes achievements and constriants of thr last administration,  including counsel to the new administration on the way forward.”

Mr. Abonta said the publication would help the legislators, especially new members, and members of the public have authentic information about the state of the nation and monitor the activities of the government.

Read More: premiumtimesng

Why We Won’t Publish Missing $20M Audit- FG

The Nigerian government has finally opened up on why it has refused to disclose the full findings of investigations into the alleged missing $20 billion oil money, several months after a forensic examination had been concluded by an independent firm.

The audit report by PriceWaterHouseCoopers on the Nigerian National Petroleum Corporation, NNPC, accused of diverting the money, has been ready since September 2014, but the government has declined repeated demands to make the document public.

Amid pressure from the public and the opposition All Progressives Congress, APC, the government early February issued a “highlight” of the report, with a conclusion that the alleged missing $20 billion, exposed by a former Central Bank Governor, Lamido Sanusi, was a farce.

In an interview with the Financial Times of London, published Monday, Nigeria’s Petroleum Minister, Diezani Alison-Madueke, said the government could not publish the report ahead of elections as only the country’s Auditor General has the powers to do so.

Even more important, the minister said the government was not making the report public to avoid a “rabid opposition”- a reference to the APC – from finding “all sorts of minute detail [in the full report] to create concern”.

Credit: PremiumTimes