Kyari Denies ₦210trn NNPC Loss Under His Watch, Rejects ₦5bn Renaming Claim
Kyari said the disputed figures stemmed from accounting errors and denied any missing funds, while the committee said it will review the report.
- On Tuesday, former Nigerian National Petroleum Company Limited Group Managing Director Mele Kyari appeared before the Senate Committee on Public Accounts to address alleged financial discrepancies involving over ₦210 trillion in company records.
- The Senate Committee began investigating NNPCL records from 2017 to 2023 in June 2025 following audit queries from the Office of the Auditor-General of the Federation regarding the ₦210 trillion figure.
- Kyari dismissed the allegations as misconstrued entries, stating the ₦210 trillion comprises ₦103 trillion in accrued expenses and ₦107 trillion in sundry receivables, while denying unauthorized spending on the company's name change.
- Committee Chairman Senator Ibrahim Dankwambo accepted Kyari's explanations for the 23 issues raised, discharging him pending further examination of his submitted report.
- Although Senator Adams Oshiomhole previously called for Kyari's arrest, the Senate clarified that committees lack independent authority to issue warrants without following the Legislative Houses Act and obtaining Senate President approval.
16 Articles
16 Articles
NNPC Audit Report: Former GMD tells lawmakers ₦210 trillion isn't missing
"The issue of ₦210 trillion that is misconstrued in the reports as having been lost; I have confirmed at this moment that nothing is lost. It's simply not possible under my care and under my leadership for that to happen, but it did not happen.”
N210tn audit queries: Kyari finally appears before Senate panel
Mele Kyari, former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, on Tuesday appeared before the Senate read more N210tn audit queries: Kyari finally appears before Senate panel
Ex-NNPC boss, Mele Kyari finally appears before Senate over N210tn audit queries
Former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari, finally appeared before the Senate Committee on Public Accounts on Tuesday to answer questions over alleged financial irregularities involving the company. Kyari arrived at Hearing Room 4 of the National Assembly accompanied by a team of oil company officials, months […] Ex-NNPC boss, Mele Kyari finally appears before Senate over N210tn au…
Nothing missing under my watch, Kyari tells Senate
As panel reviews submissions on alleged N210trn discrepancies By Henry Umoru ABUJA — Former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has denied allegations that N210 trillion was unaccounted for in the company’s financial records, saying the figures cited in the 2017–2023 audit report relate to accounting entries […]
Coverage Details
Bias Distribution
- 50% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
