Abuja: The Senate, through its Committee on Public Accounts, has mandated the leadership of the Nigerian National Petroleum Company Limited (NNPCL) to appear before it by April 29. This directive seeks an explanation for the N210 trillion highlighted in audit reports spanning from 2017 to 2023.
According to News Agency of Nigeria, the committee has instructed the Group Chief Executive Officer (GCEO) of NNPCL, Mr. Bayo Ojulari, to present himself along with the former GCEO, Mr. Mele Kyari, on the specified date without fail. The committee also expects the attendance of former Chief Financial Officer, Umar Ajia; Dr. Bala Wunti, and the external auditors of the national oil company.
The resolutions stem from a motion proposed by Sen. Osita Izunaso (Imo West) and seconded by Sen. Adams Oshiomhole (Edo North). The committee’s chairman, Sen. Aliyu Wadada (Nasarawa West), stated that the N210 trillion issue, as outlined in the audit reports, requires a comprehensive account from NNPCL’s management.
Wadada pointed out that the responses provided by NNPCL to the 19 audit queries were inadequate, emphasizing that Nigerians are entitled to clear and detailed explanations. He remarked that the Senate could not accept the broad explanation from NNPCL regarding the N103 trillion, which was described as liabilities. Components such as retention fees, legal fees, and audit fees need to be distinctly itemized and explained.
Furthermore, Wadada called for detailed accounts of the N107 trillion purportedly spent on joint venture cash calls and funds reportedly owed by some defunct banks, whose identities were not revealed. He concluded by stating that NNPCL has been given an additional two weeks to comply, with the deadline set for Wednesday, April 29.
Earlier, committee member Sen. Abdul Ningi (Bauchi Central) suggested invoking the National Assembly’s authority to compel the attendance of NNPCL officials, noting repeated failures to appear. He stressed the importance of addressing the matter seriously, as the legislature’s efficacy is crucial to democracy. Ningi expressed concern over a perceived growing reluctance to comply with National Assembly invitations, leaving members feeling powerless in enforcing attendance.