Home / Probes / LAO-0212

₦9.3 trillion oil subsidy and under-recovery claims, 2021–2023

Status

No final report

Assembly

Senate

Opened

11 July 2023

Assembly term

10th National Assembly (2023–2027)

Committee

Committees on Petroleum (Downstream)

Sum at issue

₦9.3 trillion

Subject

Revenue and remittances

Without a report for

1,219 days

The Senate resolved to probe ₦9.3 trillion in oil subsidy payments and "under-recovery" claimed by the Buhari administration between January 2021 and June 2023. Following a motion by Senator Chiwuba Ndubueze, the Senate President, Godswill Akpabio, mandated the committees on Petroleum (Downstream), Petroleum (Upstream), and Finance to investigate the NNPCL over the "unacceptable" expenditure and advocate for local refinery construction.

NNPCL

What the record shows

11 July 2023
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.