Sunday 28 December 2014

Release Report On Missing $20bn Oil Money, APC Challenges FG

The All Progressives Congress (APC) has challenged the Peoples Democratic Party (PDP)-led federal government to release the report of missing $20 billion oil money for public perusal.

The party in a statement issued in Ilorin yesterday by its national publicity secretary, Alh Lai Mohammed, made available to newsmen said the federal government is trying to suppress the audit report on the missing $20 billion oil money.

According to the party, the deadline for the release of the report, which was set by the government itself, has come and gone yet it is not released.

APC said the minister of finance, Dr Ngozi Okonjo-Iweala had said at the Financial Times Africa Summit 2014 in London in October, that the report would be ready in November 2014.

It quoted the minister as saying at the forum on October 6, 2014 that, “We engaged PWC (Price Water-house Coopers) with the auditor general of the federation taking the lead. They asked for 16 weeks to complete the work; they have spent 11 or 12 weeks so far and they will be done in a couple of weeks.”

APC added that the remaining four weeks for the conclusion of the report, as requested by the auditors, meant that it should have been ready latest by November 7, 2014.

The party added that, “It is now over a month since the deadline for the release of the report expired, and the government has simply kept mum on the report, apparently in an effort to sweep the issue under the carpet, as it has done with all other reports of widespread corruption under the present dispensation.

“However, Nigerians will not allow this to happen. They will continue to demand that the audit report be made public in the interest of transparency. We also believe that the minister of finance should strive to protect whatever is left of her international reputation by living up to her words that the issue will not be swept under the carpet.”

Source: Leadership.ng

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