Business
NNPC invites Bids for selection of Audit, Accounting, Tax Advisory services
BY KAZIE UKO
The Nigerian National Petroleum Corporation (NNPC) has announced a process to engage credible local firms to provide services in the area of audit, accounting and tax advisory.
It has therefore invited applications from interested companies to participate in the tender process which will lead to the engagement of a successful applicant to provide services to the oil major for the next three years.
NNPC in a notice released Thursday said that it would only consider applications and documents received electronically via the designated NipeX portal, adding that bids received in any other form shall not be accepted.
“All documents should be submitted online through the electronic NNPC/NIPEX Tender Portal on or before 12 noon Wednesday, 9th June 2021 to: www.nipex-ng.com
“All bids shall be opened virtually, following the deadline for bids submission at 12:00 noon, Wednesday, 9th June 2021, using the NNPC Microsoft Teams.
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“In case of any unscheduled holiday on the Bid submission date, the deadline for submission of bids will take place on the next working day. Accordingly, Bid Closing Date/time will be extended to the next working day and time,” the notice informed.
The scope of services expected to be provided by successful applicants, according to the NNPC, include but not limited to the following: Statutory Audit; Forensic Audit, due diligence; Value for Money audit; and Process improvement, new accounting standards (IFRS).
Others are: Disputes and disagreement involving NNPC, Government Agencies, Tax authorities, Joint Venture Partners, Resolution of Tax Liabilities; International tax laws, provisions, regulations; and Tax incentive of new projects and investments, and cross boarder tax incidence and incentives.
“Detailed scope would be negotiated and concluded prior to formal engagement,” the NNPC stated.
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The nation’s oil and gas giant said only reputable Audit, Accounting, Financial Consulting and Tax Advisory Firms with proven record and vast experience in the oil and gas industry in Nigeria or similar experience for foreign companies, need apply.
It stated out that the prerequisites for prospective bidders will be based on the following criteria: Firms’ technical capability, Industry footprint, Relevant Audit, Accounting, and Tax Advisory experiences and Dedicated deal team with adequate and experienced manpower.
According to the NNPC, all interested bidders seeking to be considered must meet the Statutory, Financial, Technical and Business Integrity requirements, in accordance with the Public Procurement Act of 2007, extant laws and NNPC policies and guidelines.