Business PwC Admitted Its Former Audit of NNPC Was Marred by Political Interest - Oshiomhole

[LequteMan]

Nigeria - According to Governor of Edo State, Adams Oshiomhole, PricewaterhouseCooper's former audit of NNPC was marred by political interest.

He said this following the re-hire of the firm to audit the books of NNPC and other federal revenue generating agencies.

Read: Nigeria Appoints KPMG & PwC to Audit Financial Records of NNPC, CBN & Other Agencies

He said the committee expected a more thorough job because the PwC had admitted that the audit it carried out on the NNPC, under the administration of former President Goodluck Jonathan, was done under a political environment that was not favourable.

He added that the PwC itself confirmed that the scope of the work they did in the first audit was limited.

He added that the audit firm confirmed that some organisations did not open their books to them for the audit.

He also noted that the KPMG confirmed to the committee that it declined to carry out the exercise under Jonathan because of the political environment at that time.

Related: Why We Chose KMPG & PwC to Audit NNPC, CBN, Others - Oshiomhole

 

[curator]

Strange decision.
Then they should not take part in this audit.

 

[Amos]

You engaged them that they may give another politically motivated report. If you really stand for change, PwC should have been blacklisted. You hire their services to do your bidding, whatever it might be.

 

[LequteMan]

You engaged them that they may give another politically motivated report. If you really stand for change, PwC should have been blacklisted. You hire their services to do your bidding, whatever it might be.

Sense.