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NIGERIAN NATIONAL PETROLEUM CORPORATION-

EXPRESSION OF INTEREST FOR THE SELECTION OF AUDIT, ACCOUNTING AND TAX ADVISORY SERVICES

NIGERIAN NATIONAL PETROLEUM CORPORATION
NNPC TOWERS, HERBERT MACAULAY WAY, CENTRAL BUSINESS DISTRICT,
P.M.B 190, GARKI, ABUJA – NIGERIA
EXPRESSION OF INTEREST FOR THE SELECTION OF AUDIT, ACCOUNTING AND TAX ADVISORY SERVICES

1. INTRODUCTION
The Nigerian National Petroleum Corporation (NNPC) is a Statutory Corporation established under the laws of the Federal Republic of Nigeria with its Head Office at the NNPC Towers, Herbert Macaulay Way Central Business District, Abuja, Nigeria.

NNPC is an integrated oil and gas company with diverse operations across the value chain is the upstream and downstream sectors of the petroleum industry. NNPC conducts its activities through its subsidiaries, commonly referred to as Strategic Business Units (SBUs) and associated companies.
NNPC, therefore, invites interested and credible local firms to participate in this tender process for the subsequent engagement of qualified and reputable Auditors and Tax Professional/Practitioners on specialized accounting, financial and tax issues on a call-off framework agreement.

2. BRIEF DESCRIPTION OF SCOPE OF THE SERVICES
The scope of services is expected to include but not limited to the following as detailed scope would be negotiated and concluded prior to formal engagement
a. Statutory audit
b. Forensic audit and due diligence
c. Value for money audit,
d. Process improvement, new accounting standards (IFRS);
e. Disputes and disagreement involving NNPC, government agencies, tax authorities, Joint Venture Partners, resolution of tax liabilities;
f. International tax laws, provisions, regulations; and
g. Tax incentive of new projects and investments, and cross boarder tax incidence and incentives

3. WHO MAY APPLY?
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. The prequalification of prospective bidders would be based on the minimum of the following criteria:
a. Firms technical capability
b. Industry footprint
c. Relevant Audit, Accounting, and Tax Advisory experiences.
• Previous experience in Oil and Gas Industry
• Responsiveness and ability to deliver on assignment within agreed time
d. Dedicated deal team with adequate and experienced manpower

4. DURATION AND COMMENCEMENT
The duration of the Call-off Term Contract shall be for a period of three years. However, this will lapse on the 31st of December 2023 irrespective of the effective date of such engagement.

5. BID DOCUMENTATION REQUIREMENTS
In accordance with the Public Procurement Act of 2007, extant laws and NNPC policies and guidelines, all interested bidders seeking to be considered must include the general experience of the firm as well as satisfy the following requirements:

5.1. STATUTORY REQUIREMENTS
a. Full details of company profile including postal address, telephone/fax number and email address where correspondences may be directed;
b. Evidence of Certificate of Incorporation issued by Corporate Affairs Commission (CAC), certified true copies of Memorandum and Articles of Association of the company, CAC form C02 and C07 (Particular of Directors) for Nigerian companies and/or similar document of Incorporation for foreign companies, certified true copies of statutory documents indicating ownership structure of company, name(s) of major shareholders and percentage shareholding,
c. Evidence of firm’s tax clearance certificate for the last three years (i.e. 2018, 2019, & 2020 for Nigerian companies and similar tax certification documents for foreign companies;
d. Evidence of compliance with Pension Reform Act 2004 by inclusion of valid Pension Compliance Certificate expiring on 31st December 2021 (for Nigerian companies) or similar document for foreign companies
e. Evidence of compliance with the Nigeria Social insurance Trust Fund (NSITF) Act by inclusion of current NSITF Compliance Certificate expiring on 31st December 2021, (for Nigerian companies) or similar documents for foreign companies;
f. Evidence of compliance with the Industrial Training Fund (ITF) Amendment Act 2011 by inclusion of copy of Industrial Training Fund (ITF) Compliance Certificate expiring on 31st December, 2021 (for Nigerian companies) or similar documents for foreign companies;
g. Evidence of Registration on the National Database of Federal Contractors, Consultants and Service Providers by submission of Interim Registration Report (IRR) expiring on 31st December, 2021 or valid Certificate issued by BPP;
Note: Requirements 5b-5g as listed above are deemed as mandatory (for Nigerian Companies) and non-submission of documentation stated in 5b-5c (for foreign companies) will be considered as ‘Fatal flaw’.

6. FINANCIAL REQUIREMENTS
a. Audited Accounts for the past three (3) years (2018, 2019 & 2020) which must bear the stamp or seal of a credible Audit Firm
b. Demonstration of an average minimum turnover of =N=50million (or the USD dollar equivalent) and net worth of not less than =N= 100million (or the USD dollar equivalent) for the Financial Year Endings of 2018, 2019 and 2020 respectively.

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