NNPC CEO Account for N210 Trillion or Face Arrest – Senate
A major standoff is looming between the Senate Public Accounts Committee and the Nigerian National Petroleum Company Limited (NNPC) CEO, Bayo Ojulari. The lawmakers have issued a firm warning to the NNPC boss to account for N210 trillion in financial discrepancies or face arrest, prosecution, and public exposure.
The Senate committee, led by Chairman Senator Aliyu Wadada, expressed outrage over NNPC’s persistent refusal to comply with multiple invitations and the non-appearance of its top leadership. The lawmakers described NNPC’s attempts to evade accountability as “insulting” and warned that the Senate would not hesitate to invoke its constitutional powers to summon, arrest, and prosecute any public officer who undermines its authority.
The dispute centers on glaring inconsistencies in NNPC’s audited financial statements, which the committee insists must be resolved. The company’s reporting of N210 trillion in assets and liabilities remains unexplained and unsupported by documentation, raising concerns about transparency and accountability.
Senator Wadada clarified that the committee had not accused NNPC of theft but insisted that proper documentation and explanation must accompany figures of such magnitude. The committee’s frustration was further compounded by NNPC’s apparent disregard for legislative procedure, with the consistent absence of the Group Chief Executive Officer from committee hearings reflecting disrespect for the institution of the Senate.
The Senate committee has now directed that NNPC’s next appearance must be led by its Group Chief Executive Officer, Ojulari, and warned that failure to comply may result in the exercise of the Senate’s coercive powers. The date for that appearance will be communicated shortly.
In a statement backing the committee’s position, Senator Kaka Shehu Lawan described NNPC’s attitude as “a slap in the face” of the Nigerian people, emphasizing that the Senate would not tolerate such behavior. The lawmakers noted that public trust in NNPC has steadily eroded in recent years and that this latest audit crisis could mark a turning point if NNPC continues to resist transparency.#NNPC CEO Account for N210 Trillion or Face Arrest – Senate#
EFCC Says Corrupt Politicians Now Hide Loot in Cryptocurrencies
