Senate Launches Bombshell Probe: NNPCL Grilled Over Staggering N210 Trillion Discrepancies!

Published 13 hours ago2 minute read
Pelumi Ilesanmi
Pelumi Ilesanmi
Senate Launches Bombshell Probe: NNPCL Grilled Over Staggering N210 Trillion Discrepancies!

The Senate Committee on Public Accounts has issued a stern ultimatum to the Nigerian National Petroleum Company Limited (NNPCL), setting April 29, 2026, as the deadline for the company to provide a comprehensive account of a missing N210 trillion. This substantial sum was flagged in audit reports spanning from 2017 to 2023, encompassing N103 trillion in liabilities and N107 trillion attributed to Joint Venture Cash Calls and funds allegedly owed by unnamed defunct banks.

Senator Aliyu Wadada (SDP Nasarawa West), Chairman of the committee, delivered the directive following a meeting at the National Assembly in Abuja. He explicitly instructed the NNPCL Group Chief Executive Officer, Engr. Bayo Ojulari, to appear before the committee on the specified date. Ojulari is mandated to be accompanied by his predecessor, Mele Kyari, along with other key former officials, including former Chief Financial Officer (CFO) Umar Ajia, Managing Director of the Petroleum Products Marketing Company (PPMC) Dr. Bala Wunti, and the national oil company's external auditors.

The committee's resolutions were a direct consequence of a motion put forth by Senator Osita Izunaso (APC Imo West) and seconded by Senator Adams Oshiomhole (APC Edo North). Senator Wadada underscored the committee's dissatisfaction with previous responses from the NNPCL regarding 19 audit queries. He emphasized that Nigerians are entitled to convincing and detailed explanations, rather than

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