All revenue generating agencies of the Nigerian government are to be audited by two international audit firms.
This was part of the resolutions of the Presidential Committee set up to probe the Excess Crude Account.
The committee said on Thursday that it has appointed PriceWaterhouseCoopers, PWC, and KPMG to edit the accounts of the revenue generating agencies between 2012 and May 2015..
The National Economic Council, NEC, had at its maiden meeting set up a four-man committee, consisting of the Governors of Edo, Akwa Ibom, Gombe and Kaduna, to comb the books of the Nigerian National Petroleum Corporation, NNPC, on the excess crude account as well the federation account between 2012 and May 2015.
At the committee’s first meeting in Abuja last week, the Lagos State Governor was co-opted into the committee.
However, at its meeting, Thursday, at the Banquet Hall of the State House, Abuja, the committee extended the probe to other revenue generating agencies inviting them to appear and answer questions on their expenditures.
The Nigerian Maritime Administration and Safety Agency, NIMASA, Central Bank of Nigeria, CBN, Department of Petroleum Resources, DPR, Federal Inland Revenue Service, FIRS, Security and Exchange Commission, SEC, Nigeria Customs Service, Ministry of Finance, Office of the Accountant General of the Federation, amongst others, took turns to appear before the probe panel to present their financial activities.
The Edo State Governor, Adams Oshiomole, who briefed journalists after the meeting, said though the first probe was limited to NNPC, it will now cover all its subsidiaries and other agencies.
He described an earlier probe of NNPC by the PWC as unfinished business.
The new probe, he said “will now cover value for expense” as the affected agencies will be made to render proper accounts.
“This is about making Nigeria work for the benefit of Nigerians,” he said. “If you have tax generating agencies that are not remitting taxes, government cannot run like that.”
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