Press statement from the office of Mrs Ngozi Okonjo-Iweala. Read below...
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
 
 
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