Legislative AccountabilityObservatory
Home / Probes / LAO-0148

Under-remittance of revenue by NNPC, CBN and five other agencies

Status
No final report
Assembly
House of Representatives
Opened
26 March 2021
Assembly term
9th National Assembly (2019–2023)
Committee
Committee on Public Accounts
Sum at issue
₦526.35 billion
Subject
Bribery and abuse of office
Without a report for
2,056 days

The House of Representatives Committee on Public Accounts, chaired by Wole Oke, initiated a probe into seven revenue-generating agencies, including NNPC, CBN, NCS, and FIRS, for alleged under-remittance of over ₦526.35 billion and US$21.19 billion to the Federation Account between January 2010 and June 2015. The investigation was triggered by a forensic audit report from KPMG, which indicted the agencies for withholding funds meant for the Consolidated Revenue Fund, including specific claims against NNPC for ₦557.8 billion and US$9.04 billion.

NNPC CBN FIRS NCS

What the record shows

  • 26 March 2021
    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.