Thursday, 19 January 2012

federal government want to have the account of the oil and gas sectors

As the latest parts of the government anti corruption parts in the oil and gas sector,the federal government order for the auditing of the account of the oil sector for the past three years now.the latest move to clean up corruption in Africa's biggest oil industry after a week of anti-government protests.The move follows the opening of an investigation into the sector by the corruption watchdog and a separate Senate investigation into fuel subside.approved the award of contracts to two audit firms to conduct a thorough audit of the accounts and activities of all government institutions and entities in the oil and gas industry from 2009 to 2011 with nine months completion period," Information Minister Labaran Maku said.

President Goodluck Jonathan has come under intense pressure to clean up Nigeria's 2 million barrel per day oil sector, after a week of protests over fuel prices revealed public anger about corruption and waste of the country' oil wealth. Unions called off a week long strike on Monday, after Jonathan partly backed down on the scrapping of a popular fuel subsidy.

He and oil minister Diezani Allison-Madueke promised prompt action to implement delayed reforms to the oil sector. Maku named two Nigerian firms at the auditors: Haruna, Yahaya & Co. and Sada, Idris & Co. "The audit would be carried out in all government revenue generating ... institutions and entities in the oil and gas and solid minerals sectors of the country," he said.

CULLED FROM businessdayonline

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