Latest news

Audit Report: Senate Gives NNPC Ltd 3 Weeks To Respond To N210trn Query


The Senate Committee on Public Accounts yesterday gave the Nigerian National Petroleum Company (NNPC), three weeks to respond to queries raised against it in the audit reports of 2017 to 2023.

Chairman of the Committee, Senator Ahmed Wadada (Nasarawa West) gave the order when the Group Chief Executive Officer of NNPC Ltd, Engineer Bayo Ojulari, finally appeared before the committee after several summons by the lawmakers.

The three-week window, Wadada said, is to enable Ojulari to explain the circumstances surrounding the discrepancies in the accounts of the company, particularly the N210 trillion said to be unaccounted for in the report of the Auditor General of the Federation.

Ojulari, who apologised to the committee for his inability to honour their invitations earlier, pleaded that he needed more time to prepare his response to the 19 queries raised against the NNPC Ltd in the said audit report.

He said: “I’m just over 100 days in the office as the GCEO of NNPCL. I still need time to do further digging, given the perspectives I have heard now, into the issues.

“I need to understand the issues myself so I can respond appropriately. “Will get a team and please get the details properly reconciled so we can work to provide answers to the queries.”



Tags :

Related Posts

Must Read

Popular Posts

The Battle for Africa

Rivals old and new are bracing themselves for another standoff on the African continent. By Vadim Samodurov The attack by Tuareg militants and al-Qaeda-affiliated JNIM group (Jama’a Nusrat ul-Islam wa al-Muslimin) against Mali’s military and Russia’s forces deployed in the country that happened on July 27, 2024 once again turned the spotlight on the activities...

I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...