NNPC To Carry Out Forensic Audit On its 2015 Accounts
The Nigerian National Petroleum Corporation has said it will carry out a forensic audit to know the true financial state of its accounts.
The NNPC’s general managing director, Ibe Kachikwu while speaking to journalists at the presidential villa said the auditing of the corporation’s accounts will run into 2015 account.
Mr. Kachikwu said the forensic audit, coming in three different approaches will help to downsize the work force of the corporation and re-frame business strategy that will transit the NNPC to a better position.
“At the end of the day, NNPC isn’t a public service, it is a corporation and it is going to be run like a company, generating money and profit for Nigerians. So that whole concept of anything goes is going to stop and this is the first stage in that whole process,” Mr. Kachikwu said.
He said, “We are going to get a forensic audit done so that we know clearly, not the one in PW did but the proper forensic audit that will cover us all the way to 2014,2015, and we will be able to say to you this is the state of the economy.”
He also said Nigerians should expect a new NNPC that will be a different institution altogether.
“All that is being looked at because to run an oil company you need a
lot of funds to do it, if you don’t you will close down the
corporation and the production system will close down.
“So we are looking at having merged the need for accountability and openness with the need to make sure that the industry also survives, you cannot
throw away the baby with the bath water,” the corporation’s GMD said.
The post NNPC To Carry Out Forensic Audit On its 2015 Accounts appeared first on Nigeria News today & Breaking news | Read on NAIJ.COM.
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