President Jonathan Receives Audit Report On Missing $20bn

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President Goodluck Jonathan on Monday received the forensic audit report on the accounts of the Nigerian National Petroleum Corporation [NNPC] from the accounting firm, PriceWaterHouseCoopers, but details of the report remain secret.

Speaking while receiving the report, Jonathan said it would help to address the lapses in the oil industry and help the administration to address the misconceptions in the industry.

“The figures being branded in the newspapers are ones that Nigerians will be interested in,” Jonathan said.

“Indeed, you mentioned the issue of the reforms in the sector. Everybody knows that the sector needs to be reformed and I believe that by the time we go through the petroleum industry bill and make it a law, most of these lapses would be corrected and the misconceptions will be properly addressed by the different administrative structures.

“I thank you for what you have done. It will help us, it will help this country to set things right. We will handle it decisively based on the information that we have. Based on the preliminary information, Nigerians need not be so scared about the kind of stories that we hear.’’

Jonathan directed Samuel Ukura, the auditor-general of the federation,  to examine the report and release major findings to the government within the week. He also told him to liaise with the firm to clear any grey areas in the report.

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