Minister unveils plan for audit, rigorous scrutiny of NNPCL

The Minister of Finance & Coordinating Minister for the Economy, Olawale Edun has hinted that plans are underway to audit the accounts of the Nigerian National Petroleum Company Limited, NNPCL,

He said that despite recommendations by the last two ministers of Finance for an audit of the company, nothing of such happened.

The minister insisted on the necessity for rigorous scrutiny, stressing the government’s eagerness to ensure revenue inflows from the company.

Edun spoke at the release of the latest World Bank Nigeria Development Update in Abuja.

He said, “There will be earnest scrutiny and I am sure NNPCL is getting ready for that. We want revenue to come into the government coffers from NNPC and all other revenue agencies.

“The last two ministers of Finance, namely, Mrs. Kemi Adeosun and Mrs. Zainab Ahmed publicly said that the accounts of the NNPCL would be looked into, but there has been no report of such audit made public.”