News Brief: Senate Gives NNPCL 21 Days to Clarify ₦210trn Discrepancies
The Senate Committee on Public Accounts has given the Nigerian National Petroleum Company Limited (NNPCL) a 21-day ultimatum to explain financial discrepancies amounting to ₦210 trillion, involving ₦103 trillion in liabilities and ₦107 trillion in assets.
The NNPCL Group CEO, Bayo Ojulari, pleaded for more time, stating he needed to thoroughly review the company’s audited accounts from 2017 to 2023. Lawmakers, however, described the figures as troubling and largely unverifiable.
Senator Aliyu Wadada, who chairs the committee, insisted that the inconsistencies raise red flags and must be substantiated with concrete details within the given timeframe.
#NNPCLAudit #SenateProbe #FinancialTransparency #NigeriaOilSector
The Senate Committee on Public Accounts has given the Nigerian National Petroleum Company Limited (NNPCL) a 21-day ultimatum to explain financial discrepancies amounting to ₦210 trillion, involving ₦103 trillion in liabilities and ₦107 trillion in assets.
The NNPCL Group CEO, Bayo Ojulari, pleaded for more time, stating he needed to thoroughly review the company’s audited accounts from 2017 to 2023. Lawmakers, however, described the figures as troubling and largely unverifiable.
Senator Aliyu Wadada, who chairs the committee, insisted that the inconsistencies raise red flags and must be substantiated with concrete details within the given timeframe.
#NNPCLAudit #SenateProbe #FinancialTransparency #NigeriaOilSector
News Brief: Senate Gives NNPCL 21 Days to Clarify ₦210trn Discrepancies
The Senate Committee on Public Accounts has given the Nigerian National Petroleum Company Limited (NNPCL) a 21-day ultimatum to explain financial discrepancies amounting to ₦210 trillion, involving ₦103 trillion in liabilities and ₦107 trillion in assets.
The NNPCL Group CEO, Bayo Ojulari, pleaded for more time, stating he needed to thoroughly review the company’s audited accounts from 2017 to 2023. Lawmakers, however, described the figures as troubling and largely unverifiable.
Senator Aliyu Wadada, who chairs the committee, insisted that the inconsistencies raise red flags and must be substantiated with concrete details within the given timeframe.
#NNPCLAudit #SenateProbe #FinancialTransparency #NigeriaOilSector
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