Senate Gives NNPC Auditors One Week to Explain N210trn

Senate Gives NNPC Auditors One Week to Explain N210trn

The Senate Public Accounts Committee has ordered the external auditors of the Nigerian National Petroleum Company Limited to explain over 210 trillion Naira in unreconciled accounts. Lawmakers gave the independent audit firms exactly seven days to defend the financial statements they certified. The sheer scale of the unexplained figures threatens to overshadow the state oil…

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Senate Rejects Insurgent Rehabilitation, Demands Formal Prosecution

Senate Threatens Arrest Warrants Over Disputed N210tn Oil Revenue

The Nigerian Senate has threatened to issue arrest warrants for former and current officials of the Nigerian National Petroleum Company Limited (NNPCL) over ₦210 trillion in unexplained financial records. The Senate Public Accounts Committee (SPAC) has directed the national oil giant to refund the staggering sum, which lawmakers claim was “not properly accounted for” in…

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