Okonjo-Iweala Has Not Disowned Pricewaterhouse Coopers

Press statement from the office of Mrs Ngozi Okonjo-Iweala.
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Contrary to reports by Premium Times and some other
media, the Coordinating Minister for the Economy and
Minister of Finance, Dr Ngozi Okonjo-Iweala has not
disowned PriceWaterHouse Coopers, the international
audit firm which carried out the recent audit of the
alleged unaccounted for $20 billion.
This is because the forensic audit was actually
proposed by Dr Okonjo-Iweala as the best way to get
to the truth following the disagreement (and widely
conflicting figures) between former CBN Governor (and
current Emir of Kano) Malam Sanusi Lamido Sanusi
and the NNPC over Sanusi’s allegation of unaccounted
for funds.
Her proposal was accepted by President Goodluck
Jonathan as well as the Senate, and the President
subsequently directed the Auditor General of the
Federation to lead the work. The Auditor-General later
appointed PwC to carry out the audit. Dr Okonjo-
Iweala therefore respects the process which produced
the audit. But requesting the audit is of course not the
same thing as hiring the auditor.
This was why we made it clear in our last press
release that the suit filed against Dr Okonjo-Iweala
before a Lagos High Court by SIAO Partners alleging
that she appointed PwC to carry out the audit is
frivolous and uninformed. We urge the relevant media
to update their information based on this clarification.
Many thanks. Paul C Nwabuikwu Special Adviser to the
Coordinating Minister of the Economy and Minister of
Finance