President Muhammadu Buhari has ordered a fresh audit of the Nigerian National Petroleum Corporation (NNPC) accounts from 2010 to August 2015.
The corporation was last audited in 2010.
Group Managing Director of the NNPC, Dr. Ibe Kachikwu, who disclosed this in Lagos at the weekend, declared that so much harm has been done to the corporation before he took over the corporation leadership on August 4.
At a news briefing in Lagos, Kachikwu said the audit will be done by globally recognised audit firm.
The Nigerian public, he said, has to know everything that transpired during the time under review.
He added that even though the corporation has cash flow issues, the oil firm is not broke because it still has a strong finance base.
“On our accounting issues, we are bringing back auditors based on directives and desire of the president. You all need to know that our audit was last done in 2010. So, what we are doing now is from the last audit time up to 2015,” he said.
Asked whether the audit will not affect the NNPC’s staff strength, Kachikwu said: “Are we going to lose more staff ? Potentially yes!” He added that he would put the inefficient refineries up for sale.