The Senate says that the Nigerian Nationwide Petroleum Firm Restricted (NNPCL) is but to account for the N210 trillion highlighted within the 2017–2023 audit report by the Workplace of the Auditor-Common for the Federation.
The Chairman of the Senate Committee on Public Accounts, Senator Aliyu Wadada, made the disclosure on Thursday throughout a resumed listening to on the audit report, which reviewed the spending of MDAs, in keeping with the Information Company of Nigeria (NAN).
Wadada mentioned the Senate didn’t accuse NNPCL of theft however is demanding accountability for the N210 trillion flagged within the audit, in step with its responsibility to make sure transparency and accountability within the administration of public funds.
“The Senate on Thursday clarified that the alleged N210 trillion {financial} infractions raised towards Nigerian Nationwide Petroleum Firm Restricted (NNPCL) within the 2017-2023 audit report had but to be accounted for by the corporate,” the supply learn partially.
It added that “Wadada maintained that NNPCL didn’t account for the mentioned fund as raised by the experiences, opposite to media experiences that the cash had been stolen by the corporate.”
NNPCL’s Group CEO, Bayo Ojulari, was absent from Thursday’s session, reportedly resulting from an OPEC assembly in Vienna. The committee rejected a presentation by the corporate’s Chief {Financial} Officer, Dapo Segun, insisting that Ojulari should seem in particular person to deal with the audit queries.
Wadada reiterated that the committee’s demand will not be private however a part of its mandate to make sure correct use of public sources.
Senator Abdul Ningi, a member of the Senate Committee on Public Accounts, famous that GCEO Bayo Ojulari has failed to look earlier than the committee since his appointment, regardless of receiving the newest invitation forward of the OPEC assembly.
Additionally talking, Senator Adams Oshiomhole warned towards ignoring the Senate’s authority, stating that nobody is above the nation and anybody who thinks in any other case has no place in authorities.
He added that the committee’s directive will not be elective and urged Ojulari to conform immediately earlier than extra extreme actions are taken.
The Senate Committee on Public Accounts had earlier ordered NNPCL’s Group CEO, Bayo Ojulari, to look on July 10 to answer audit queries over a reported N210 trillion unaccounted for between 2017 and 2023 as reported by Nairametrics.
