Nigeria: PwC to audit NNPC

Issue 277 - 20 May 2014
Accounting firm PricewaterhouseCoopers (PwC) has started work with the federal auditor-general to carry out an audit on the Nigerian National Petroleum Corporation (NNPC) over an alleged missing $20bn in oil revenues. Speaking at the World Economic Forum on Africa in Abuja on 8 May, finance minister Ngozi Okonjo-Iweala said the work, which began the previous week, should be completed within 16 weeks. “Our feeling is that the only way is to have a forensic audit that would let Nigerians know the truth about the issue,” she said.

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