Sen. Solomon Adeola has urged the incoming government to sanction PricewaterhouseCoopers,PWC, for allegedly misleading Nigerians in its audit of NNPC, Daily Post reports.

“From the disclosures by PWC on its work, there is no audit report on the missing money much less a ‘forensic’ audit report. From what was done by PWC, only a review and compilation of some figures was done resulting in different figures from $1.4billion to $4.3billion being bandied for refund by NNPC to the coffers of the Federation Accounts” he stated.

According to him PWC not only misled and possibly defrauded Nigerians by purporting to have undertaking a forensic audit report and collecting fees for same but may have abetted a criminal cover up of fraud in its role in the investigation.

“For such a highly rated auditing firm to release such a report is dangerous and unethical. Indeed all other reports by PWC for the Federal Government should be investigated as they were also involved in the Fuel Subsidy Investigation and they should be made to refund money for work not done or done appropriately” Hon. Adeola stated.

“For such a highly rated auditing firm to release such a report is dangerous and unethical. Indeed all other reports by PWC for the Federal Government should be investigated as they were also involved in the Fuel Subsidy Investigation and they should be made to refund money for work not done or done appropriately” Hon. Adeola stated.

“We are talking about $20billion and not millions. This is almost the budget of Nigeria for about two years” Hon Adeola stated.

The Lagos West Senator-Elect commended the incoming administration for its promised to revisit the issue of missing NNPC fund as a step in the right direction adding that the deceptive cover up role of PWC in this investigation must not be overlooked as it strikes at the heart of our constitutional provisions and the development of Nigeria.