EFCC reacts to alleged diversion of N1trn by its chairman

EFCC has released a statement reacting to the reported diversion of N1 trillion by the commission's chairman, Ibrahim Lamorde which was published yesterday August 24th. The agency in a statement published on its website this morning, refuted the claims, adding that the commission is not afraid of probe. The statement below..

The attention of the Economic and Financial Crimes Commission, EFCC, has been drawn to a report captioned, Alleged N1tn diversion: Senate to probe Lamorde’s alleged diversion of N1tn, which appeared in The Punch Newspaper of Monday August 24, 2015 containing salacious claims of corruption against the person of the chairman of the Commission, Ibrahim Lamorde.

The EFCC should ordinarily not dignify the publication with a response as the motives of the promoters and their media allies are to impugn the integrity of the EFCC boss with fabricated stories of corruption. However the Commission is constrained to respond, to expose the motive behind the sinister plot. In the first instance, claims of a N1trillion corruption in the EFCC is infantile and assaults the sensibilities of all reasonable stakeholders in the anti- corruption fight.

FG appoints KPMG, PWC to audit NNPC, other revenue generating agencies

The Federal Government has appointed international audit firms, KPMG and PriceWaterhouse Cooper, to conduct comprehensive audit of the accounts of the Nigerian National Petroleum Corporation (NNPC) and other revenue generating agencies from 2012 to 2015.

Edo state governor, Adams Oshiomole announced this after the second meeting of the National Economic Council (NEC) in Abuja today August 13th.

“The probe will now cover value for expense as the affected agencies will be made to account for things expended on at their correct value. This is about making Nigeria work for the benefit of other Nigerians and we have to bear in mind that governments are not run on the basis of collection of crude oil but government regardless of colour or political affiliation is run on race and so if you have tax generating agencies that are not remitting taxes government cannot run like that" he told state house correspondents