Out Of This World Nnpc Audit Report
This audit report is a laudable step towards showing Nigerians the true picture of what is going on in NNPC the group noted.
Nnpc audit report. The completed PriceWaterhouseCoopers audit of the NNPC has now been released after months of suppression. The forensic audit report also acknowledged that section 7 sub-section 4 of. The Nigerian National Petroleum Corporation NNPC as part of measures to improve transparency and accountability in its operations has published its audited financial statements online for 2018.
For instance in its 2015 Report the Natural Resource Governance Institute NRGI faulted past audits of the NNPC describing them as questionable and lacking in due process. The audit reports showed that combined losses from the two refineries were N2086 billion in 2014. This report highlights NNPCs activities for the period of September 2019 to September 2020.
Popular consensus on the revelations in the NNPC audit report point at the need to unbundle the NNPC and toe the path of a full deregulation of the downstream oil sector. Audit report on nnpc Author. The federal government needs to reform NNPC to reverse the trend of the massive losses recorded by some of the NNPC subsidiaries annually.
This is viewed as a reaction to the criticism that has been on the government-owned oil firm for years of conducting the countrys oil business in secret by only publishing unaudited financial reports. Interim Report on the Process and Forensic Review of NNPC 07 September 2010 This report contains 40 pages Consolidated Detailed Findings v1doc Current State Assessment Report on the Process and Forensic Review of the Nigerian National Petroleum Corporation Project Anchor ENERGY AND NATURAL RESOURCES Federal Ministry of Finance 22 November 2010. Audit report on nnpc Length.
The Nigerian National Petroleum Corporation NNPC made history on Friday with the publication of its first audited financial statements after 43 years of its operation. N412 billion in 2017 and N475 billion in 2018. Audit report on nnpc Length.
The international audit firm had in its report taken the NNPC to the cleaners exposing monumental fraud that has pushed the anger of not a few Nigerians to the boiling point. We call on the National Assembly to summon the leadership of the Corporation to a public hearing on this report. This current audit report that was released recently by the Corporation has shown how much the country has been losing through some very obvious inefficient practices as seen in the reports.