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The Independent Corrupt Practices and other Related Offences Commission on Thursday told the Senate that the accounts of the Nigerian National Petroleum Corporation were too sophisticated for it to investigate.
The anti-graft commission said it would require the services of financial experts to investigate the government oil corporation’s accounts.
“The account of NNPC is so sophisticated that it would require hiring financial experts to study it for needed investigation, the cost of which however cannot be afforded by us due to underfunding, ” chief executive of the ICPC, Prof. Olu Aina, said while defending the commission’s budget before the Senate committee in charge of the nation’s anti-graft agencies.
Aina said the ICPC had refrained from investigating the NNPC accounts over the years because doing so was beyond its capacity.
More details here
Source: Nigerian Eye
The anti-graft commission said it would require the services of financial experts to investigate the government oil corporation’s accounts.
“The account of NNPC is so sophisticated that it would require hiring financial experts to study it for needed investigation, the cost of which however cannot be afforded by us due to underfunding, ” chief executive of the ICPC, Prof. Olu Aina, said while defending the commission’s budget before the Senate committee in charge of the nation’s anti-graft agencies.
Aina said the ICPC had refrained from investigating the NNPC accounts over the years because doing so was beyond its capacity.
More details here
Source: Nigerian Eye
