The All Progressives Congress, APC, has faulted PricewaterhouseCoopers’ (PWC) audit report recommending that the Nigerian National Petroleum Corporation, NNPC, remit $1.48 billion to the Federation Account.
The party was of the view that the amount to be remitted by the NNPC is more than the $1.48 billion stated by the PWC in the audit report.
Head, Policy, Research and Strategy Directorate of the APC Presidential Campaign, Kayode Fayemi, told Bloomberg that the APC has reliable information about the actual amount the NNPC is to refund, adding that the party will release the report immediately it has full information on the issue.
Fayemi, who was also the former governor of Ekiti State, said the incoming administration of Muhammadu Buhari will publish the full audit of the NNPC and compel it to repay the government more than the amount that was previously recommended.
“I have a figure that is more than $1.5 billion that had been talked about. We have seen credible information that what PwC says is more than that. We will release the report. We will make it available to Nigerians as soon as we have full information on this,” Fayemi said.
The former governor further stated that the incoming administration may reorganise the NNPC, saying that, “NNPC will not be in the form or shape it is currently in. Some measure of unbundling will happen.”
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