Senate demands answers from ex-NNPCL chiefs over N210tn spending
The Senate has summoned former and current leaders of the Nigerian National Petroleum Company Limited over alleged unaccounted expenditure of N210 trillion. Mele Kyari, former Group Chief Executive Officer, and other ex-top officials are expected to appear before a Senate committee. Lawmakers are also questioning a reported N5 billion spent on the company’s name change. The committee insists on transparency and is threatening further action if the officials do not comply.
What we know
- The Senate summoned Mele Kyari, Umar Isa, and Bala Wunti over alleged unaccounted N210 trillion spent by NNPCL between 2017 and 2023.
- Lawmakers are also questioning about N5 billion reportedly used for the company’s name change from NNPC to NNPCL.
- The Senate committee may issue a warrant of arrest if the former officials fail to appear.
- The committee wants the Auditor General for the Federation to conduct a forensic audit of NNPCL’s financial statements.
- The Senate reaffirmed its support for the administration of Bola Tinubu and emphasized the need for transparency and accountability.
