The Financial Statements were released to the Nigerian Exchange Group and London Stock Exchange.
Browsing: Audit
The forensic audit report has revealed, amid other mind-boggling revelations, alleged malfeasance within the period.
The summon which was personally signed by the Chairman of the Committee, Busayo Oluwole Oke (PDP -Osun) and dated 16th March, 2022 was addressed to the Group Managing Director of the NNPC Limited, Mele Kyari.
The New Executive Chairman of the Commission, Dr. Muheeba Dankaka, during a news conference on Wednesday in Abuja, said the aim was to ensure enforcement of the principles of federal character without sacrificing its merits.
The organisation is also urging him to: “Set up an independent audit of all loans to resolve any allegations of mismanagement and corruption, and to publish spending details of loans obtained by successive administrations since 1999, list of countries and bodies that have given the loans, and specific repayment conditions.”
It was cheering news over the weekend as Polaris Bank Limited released its first Audited IFRS 2019 compliant financial result, posting a profit before tax of N27.8 billion.
Fidelity Bank Plc has recorded gross earnings of N215.5 billion for the financial year ended December 31, 2019, indicating an increase of 14 per cent.