Senate orders NNPC to account for N210trn, summons Kyari, Wunti, Ajia April 29

The Senate has set April 29, 2026 as deadline for appearance of management of the Nigerian National Petroleum Company Limited, NNPCL, before it. According to the Senate Committee on Public Accounts chaired by Senator Aliyu Wadada, Nasarawa West after its meeting on Wednesday, the date is for the NNPCL management to account for the yet-to-be accounted for N210 trillion as contained in audit reports of 2017 to 2023.

The Committee specifically declared that the Group Chief Executive Officer of NNPCL, Engineer Bayo Ojulari, should lead the immediate past GCEO, Mele Kyari; former Chief Financial Officer, Umar Ajia; Dr Bala Wunti and external auditors of the oil company to it on the said date unfailingly.

Motion moved

Resolutions of the committee were sequel to a motion moved by Senator Osita Izunaso, APC, Imo West and seconded by Senator Adams Oshiomhole, APC, Edo North.

In his remarks, the Chairman of the committee, Senator Wadada emphasised that the unaccounted N210 trillion by NNPCL as contained in the audit reports of 2017 to 2023, must be accounted for by management of the agency, particularly the immediate past management led by Mele Kyari.

According to him, explanations or answers given by NNPCL to the 19 queries raised on the unaccounted N210 trillion, were unacceptable as Nigerians are entitled to convincing and detailed explanations.

Wadada said: “This committee and, by extension, the Senate is not satisfied with blanket explanation given by NNPCL on N103 trillion which it said stands for liabilities because liabilities are in three components which are retention fee, legal fee and audit fee.

“Specific amount of money spent on each of the three components, must be stated and explained .

“Detailed explanation is also expected to be given on the N107 trillion NNPCL said it expended on JVC cash call and part of the money allegedly owed by some defunct banks whose names were not mentioned. Vanguard