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Nigeria appoints audit firms to monitor finances of 35 states


The Federal Government has commenced independent review of State financial management by appointing eight reputable accounting firms including KPMG, Ernst & Young and PWC. The firms are to monitor and evaluate the implementation of the 22-point Fiscal Sustainability Plan which specified the conditions under which 35 State Governments in June …

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NNPC Didn’t Remit $4.7bn, N318bn to Federation Account – NEITI


The Nigerian National Petroleum Corporation and its subsidiary, the Nigerian Petroleum Development Company, did not remit a total of $4.7bn and N318.2bn to the Federation Account in 2014, the latest report of the Nigeria Extractive Industries Transparency Initiative had revealed. NEITI also said that Nigeria earned $55.5bn from the oil …

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