US EditionNigeria: Alleged Missing N210trn - Senate Panel Extends Ultimatum Again for NNPC's Appearance
NIGERIA, JUL 10 – NNPCL CEO Bayo Ojulari has missed three Senate summonses to explain ₦210 trillion in financial discrepancies from 2017-2023, prompting warnings of sanctions by lawmakers.
- NNPCL GCEO Bayo Ojulari failed to appear on July 10 despite a 10-day ultimatum, sending representatives and defying a Senate order over ₦200 trillion in unaccounted funds.
- Auditors flagged ₦210 trillion unaccounted in NNPCL's 2017–2023 audit reports, clarified as not stolen, prompting Senate scrutiny.
- The committee rejected CFO Dapo Segun’s presentation, citing ₦103 trillion in accrued expenses and ₦107 trillion in receivables in the ₦210 trillion discrepancy.
- Wadada described Ojulari's absence as a 'deliberate affront' and warned of sanctions, including subpoenas, if he continues to defy legislative orders.
- Against the backdrop of President Bola Tinubu’s Renewed Hope Agenda, the Senate Public Accounts Committee vows to pursue accountability amid Nigeria’s largest financial probe, with pressure mounting for transparency.
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NNPCL boss fails to appear before Senate c’ttee over N210trn ‘missing’ funds – Daily Trust
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has again failed to appear before the Senate Committee on Public Accounts. The committee chaired by Senator Aliyu Wadada (Nasarawa West) had following Bayo Ojulari’s failure to appear before it to make clarifications on ₦210 trillion not accounted for in the audit reports of 2017 to 2023, issued a 10-day ultimatum to him to appear on Thurs…
N210tr probe: Senate berates NNPCL boss for defiance, issues ultimatum
For the umpteenth time, the Senate has mounted pressure on the Nigerian National Petroleum Company Limited (NNPCL), issuing a thunderous ultimatum over the corporation’s refusal to account for N210 trillion flagged in its audited financial statements.
NNPCL Must Account for ‘Unreconciled’ N210tr in Financial Statements - Senate Insists
The Senate Committee on Public Accounts has renewed its demand for the Nigerian National Petroleum Company Limited (NNPCL) to account for a staggering ₦210 trillion in unreconciled entries discovered in its audited financial statements spanning 2017 to 2023.
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