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Audit Report: ₦210tr Unaccounted for, Not Stolen by NNPCL

The Senate Committee on Public Accounts on Thursday said the N210trillion financial infraction it raised against the Nigerian National Petroleum Company Limited (NNPCL) in the audit reports of 2017 to 2023, was unaccounted for by the oil company.

The  Committee led by Senator Aliyu Ahmed Wadada (Nasarawa West), also insisted that  the Group Chief Executive Officer (GCEO) of NNPCL, Bayo Ojulari, must appear before it to explain the  financial infractions and other queries raised against the company.

Chairman and members of the committee made the clarification at an investigative hearing it had with top management staff of NNPCL in Abuja.

The committee had at the end of the investigative session it had with management of NNPCL on June 26th, 2025, directed that the GCEO of the company must appear before it along with relevant  officers on 10th of July, 2025 to account for the N210trillion financial infraction and defend other queries raised against NNPCL in the audit reports.

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