The Federal Government has employed the services of two audit firms, PricewaterhouseCoopers (PwC) and KPMG, to carry out forensic audit of all Federal Government revenue generating agencies.
Gov. Adams Oshiomhole of Edo, the Chairman of the National Economic Council (NEC) Ad Hoc Committee on the Management of Excess Crude Account Proceeds and Accruals into the Federation Account, stated this while briefing newsmen on the outcome of the Committee meeting in Abuja on Thursday.
He said that the hiring of the firms followed briefings received from some revenue generating agencies of government.
He added that “we have agreed in line with our mandate to appoint two reputable international audit firms to carry out thorough forensic audit, not only of Nigeria National Petroleum Corporation (NNPC), which is more of excess crude, but other monies that accrued to the federation account.
“We have other revenues like bonuses, royalties, taxes and VAT that flow into the federation account.
“We are taking a holistic review of the entire process, looking at all the agencies that make contribution of funds to the federation account.
“We are convinced that by appointing audit firms, we will allow professionals to carry out this exercise, so that it will be free of any political colouration.’’
According to him, the focus will be on NNPC, the Nigeria Customs Service, Nigerian Ports Authority (NPA), Central Bank of Nigeria (CBN), Federal Internal Revenue Service (FIRS), among others.
Oshiomhole said “we had a successful session with Customs, NPA, NEITI, SEC, FIRS and quite a number of others and next week we will also hear from CBN, Ministry of Finance and Office of the Accountant- General of the Federation.
“For the remaining ones, we agree we are going to meet on Thursday next week – NNPC, NPDC, DPR, NIMASA and other agencies.’’
Other members of the NEC ad hoc committee include Gov. Nasir El-Rufai of Kaduna State, Ibrahim Dankwambo of Gombe and Udom Emmanuel of Akwa Ibom. (NAN).
