THE Auditor General of the Federation, Mr. Samuel Ukura, yesterday, told the Senate Committee on Finance investigating the alleged unremitted $20 billion to the federation account by Nigerian National Petroleum Corporation, NNPC, that his office lacked the constitutional power to carry out forensic audit on NNPC account.
The suspended Central Bank of Nigeria, CBN, Governor, Mallam Lamido Sanusi had raised the...
alarm that the $49.8 billion, which was supposed to be remitted to the coffers of the Federal Government through the nation’s apex bank was nowhere to be found.
Sanusi’s allegation and petition to the Senate Committee led to the ongoing probe of the missing fund where the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala had told the committee that she was going to hire foreign experts for forensic audit of NNPC.
However, the Senate Committee on Finance invited the office of the Auditor General of the Federation to make its own submission as regards forensic auditing.
The Ahmad Makarfi-led Finance Committee had asked the Auditor General to explain the link between his routine checks in NNPC and the committee’s investigation.
The Committee specifically requested Ukura to furnish it with information on whether the periodic check his office was doing in NNPC had to do with the investigation it is currently carrying out.
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