Dataphyte trains journalists on understanding NNPC 2018 subsidiary audit accounts

Dataphyte on Thursday trained 20 journalists on how to understand the Nigeria National Petroleum Corporation (NNPC) 2018 audit accounts.

The founder and CEO of Dataphyte, Joshua Olufemi, said the training was imperative to train journalists on the subject to foster accountability and good governance in Nigeria and her extractive sector, adding that skills gained at the training will help journalists to report critical issues within the financial statements of the state-owned oil firm.

“This decision stems from Dataphyte’s vested interest in public sector accountability and good governance in Nigeria and her extractive sector.

“Hence, it became imperative to organise this training due to the low number of media engagements centred on these audited financial statements.

“These reports will drive the demand for accountability on the financial operation of NNPC’s subsidiary companies operating within and outside the country.

“Also, the reports will provide important advocacy and accountability insights to the civil society and government agencies, including the National Assembly,” he said.

He added during the training that, “some accountantability issues within the 2018 NNPC Audit reports include huge bad debts, non-return investments in downstream and undeclared dividends.”

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