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Saturday, 5 August 2017

NNPC To Open Financial Statements For Scrutiny

GISTSMARK.COM - The Nigerian National Petroleum Cor-poration, NNPC, yesterday, consented to open its funds for examination and enable free access to its books, particularly by the Office of the Auditor General of the Federation, OAuGF. As indicated by an announcement by the NNPC, Auditor General of the Federation, Mr. Anthony Ayine, affirmed this amid a business visit to the NNPC in Abuja. Ayine lauded the self evident endeavors and walks of the current NNPC Management in cherishing the ideals of integrity, responsibility and straightforwardness in its operations and procedures. Kachikwu He expressed that as the principal responsibility foundation in the nation, the OAuGF was not just pleased to take note of the noteworthy changes in the NNPC, however was additionally energized by the recharged affirmation from the Group Managing Director of the NNPC, Mr. Maikanti Baru, of enhanced access to inspectors from the OAuGF amid occasional keeps an eye on the books of the Corporation. He stated, "Let me at this point praise the Group Managing Director of NNPC, I note with please that he accepted office in July a year ago, however he has done a significant number of things deserving of tribute. Let me additionally note with please that the data accessible to me is that the inspected records of NNPC that were falling behind financially are presently reviewed up to 31st December 2014." He additionally called for enhanced collaboration between the OAuGF and the oil and gas industry particularly in giving specialized presentation and support to evaluators on the beat. Additionally, Baru clarified that straightforwardness and responsibility had turned into a lifestyle for administration and staff of the Corporation taking note of that the period of unpublished or aggregated NNPC review accounts had been kept to the history book. He unveiled that NNPC wanted to close the review of its 2015 records most recent before the finish of August 2017 while planning of the 2016 inspected account which started about a month back would be finished up before the finish of 2017. He stated, "This clarifies why we distribute our operations and budgetary reports each month so that your office as well as the overall population could take after the trail. I don't think there is any administration establishment that has shown this level of straightforwardness." He included that as an element, the NNPC had a command to guarantee that Nigeria procured abundantly from the returns of its immense hydrocarbon assets and the NNPC administration was additionally ready consistently to embrace measures that would move the acknowledgment of this respectable target.