CSNAC demands update on PwC investigation from FRCN

11^th June, 2015.

The Head,

Directorate of Auditing Practice,

Financial Reporting Council of Nigeria,

15, Ajesa Street,

Off Aminu Kano Crescent,

Wuse 2, 

Abuja.

Dear Sir, 

FOI: REQUEST FOR THE RECORDS AND UPDATE OF THE INVESTIGATION OF THE ACTIVITIES OF PRICEWATERHOUSECOOPERS ON THE FORENSIC AUDIT OF NNPC.

Civil Society Network Against Corruption (CSNAC) is a coalition of over hundred and fifty Anti-corruption organizations whose primary aim is to constructively combat corruption vigorously and to ensure the effective monitoring of the various Anti-graft agencies in the fight against corruption and contribute towards the enthronement of transparency, accountability, probity and total commitment in the fight to eradicate corruption in Nigeria.

We sent a petition dated the 5^th day of May, 2015 requesting that the activities of PricewaterhouseCoopers (PWC) culminating in the release of the 'forensic' audit report on NNPC be investigated. Unfortunately however, over a month after, no acknowledgement of receipt of the petition or update on your investigation was received from your organization.

That 'forensic' report was self contradictory, to the consternation of many Nigerians who were aggrieved by the misrepresentation of figures and low quality of the audit report. Our Network has represented the grievances of overwhelming Nigerians in our demand for investigation forwarded to your organisation, as the statutory supervisory body, to review the professional conduct, contract and performance of PWC in relation to service. It is our assumption that a responsible and responsive agency, whose earlier report resulted in the summary suspension and eventual removal of a Central Bank Governor, would at the least acknowledge receipt and promptly commence necessary actions on the petition.

Therefore, in pursuance of Sections 1, 2, 3 & 4 of the Freedom of Information Act 2011, CSNAC is hereby requesting for the records and update on the investigation of the aforementioned matter.

CSNAC is requesting this information based on its mandate. We look forward to receiving this information promptly, and in any event, within Seven (7) days of the receipt of this application as provided for in Section 4 of the Freedom of Information Act, 2011.

Sincerely,

         Olanrewaju Suraju
         Chairman.