Civil rights coalition gives Financial Reporting Council 7 days to provide records of forensic audit of NNPC

Posted by News Express | 15 June 2015 | 2,691 times

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The Civil Society Network Against Corruption (CSNAC) has given the Financial Reporting Council of Nigeria seven days to provide it with the records and update of the investigation of the activities of PriceWaterHouseCoopers on the forensic audit of the Nigerian National Petroleum Corporation (NNPC).

CSNAC gave the deadline in a letter signed by the Chairman, Olanrewaju Suraju, and dated 11th June, 2015, addressed to the Head, Directorate of Auditing Practice of the Financial Reporting Council of Nigeria, Abuja.

The letter read in part: “We sent a petition dated the 5th day of May, 2015 requesting that the activities of PricewaterhouseCoopers (PWC) culminating in the release of the ‘forensic’ audit report on NNPC be investigated. Unfortunately however, over a month after, no acknowledgement of receipt of the petition or update on your investigation was received from your organisation.

“That ‘forensic’ report was self contradictory, to the consternation of many Nigerians who were aggrieved by the misrepresentation of figures and low quality of the audit report. Our Network has represented the grievances of overwhelming Nigerians in our demand for investigation forwarded to your organisation, as the statutory supervisory body, to review the professional conduct, contract and performance of PWC in relation to service.

“It is our assumption that a responsible and responsive agency, whose earlier report resulted in the summary suspension and eventual removal of a Central Bank Governor, would at the least acknowledge receipt and promptly commence necessary actions on the petition.

“Therefore, in pursuance of Sections 1, 2, 3 & 4 of the Freedom of Information Act 2011, CSNAC is hereby requesting for the records and update on the investigation of the aforementioned matter.

“CSNAC is requesting this information based on its mandate. We look forward to receiving this information promptly, and in any event, within Seven (7) days of the receipt of this application as provided for in Section 4 of the Freedom of Information Act, 2011.”

•Photo shows Suraju.

Source: News Express

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