This Yam, This Goat, This Country: PwC on NNPC – Part 1
Some unfortunate past that has happened in this country one should use to correct for the future, else it becomes the daily today of stuck development.
“Friends and countrymen; I beseech you by the mercies of God that ye do whatsoever it is within thine powers to prevent a frolic between the yam and the goat. For, as surely as the rising and setting of the sun, such an enterprise yieldeth only corruption, nay a sad ending for the yam” – Goodluck The Jonathan, First of His Name
Finally, we get a chance to see what PwC, the auditors, saw when they looked into the black hole that is NNPC. The full report is here (200 pages). It is not pretty.
I am not an oil and gas expert and much of the industry and how it works confuses me. But the PwC report is written in English so let’s try to parse it.
Remember The King?
A quick recap of what started all of this – King Mohammed Sanusi II, in his former…
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