Missing $20billion: Auditor General of the Federation lacks power to to audit NNPC accounts‪!

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.
However, the AGF in his submission before the committee said that the constitution in Section 85 Subsection 2 and 3 barred him from embarking on such an exercise, adding that what he could only do was a routine check of NNPC account.
Ukura said that already 20 chartered accountants had been deplored to the corporation to look into the financial records and establish if there were missing funds.
He said: “I want to refer you to Section 85 (2) of the constitution which says nothing in this section shall be construed as authorising the Auditor General to audit the account of, or appoint auditors for government statutory corporation, commission, authorities, agencies, including bodies established by the act of National Assembly.

“But the Auditor General shall provide such bodies with a list of auditors qualified to be appointed as external auditors and from which the bodies shall appoint their external auditors and guidelines of the level of fees to be paid to external auditors.

“Subsection 4 says the Auditor General shall have power to conduct routine checks on all government statutory corporation, com-mission, agencies and so on.

“Going by the Section 3 of Subsection 8 (5), the Auditor General cannot do a forensic auditing of any of the government agencies.


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