Legislative AccountabilityObservatory
Home / Probes / LAO-0132

NNPC insurance premiums on non-existent assets

Status
No final report
Assembly
House of Representatives
Opened
17 August 2020
Assembly term
9th National Assembly (2019–2023)
Committee
Committee on Insurance and Actuarial Matters
Sum at issue
US$100 million
Subject
Public assets and privatization
Without a report for
2,277 days

The House Committee on Insurance and Actuarial Matters, chaired by Darlington Nwokocha, commenced a probe into the alleged payment of over US$100 million by the NNPC for insurance premiums on non-existent assets. The inquiry scrutinized the Corporation's failure to audit insured assets since 2014, questioning why public funds were expended on premiums for moribund infrastructure. To date, the outcome of the investigation has not been made public.

NNPC

What the record shows

  • 17 August 2020
    Probe opened.
  • As of 11 November 2026
    No final report of this probe has been found on the public record.

Opened more than 120 days ago, and no final report of the committee has been found on the public record. Interim reports and hearings are shown where known. Know of a report, hearing or outcome missing here? Send a correction.