Legislative AccountabilityObservatory
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₦210 trillion unexplained in NNPC Limited's audited accounts

Status
No final report
Assembly
Senate
Opened
May 2025 (month known)
Assembly term
10th National Assembly (2023–2027)
Committee
Committee on Public Accounts
Sum at issue
₦210 trillion
Subject
Spending and misuse of funds
Without a report for
545 days

The Senate Committee on Public Accounts, chaired by Aliyu Wadada (SDP, Nasarawa West), opened an inquiry into ₦210 trillion in accrued expenses and receivables in the audited financial statements of NNPC Limited for 2017 to 2023. After questioning the Chief Financial Officer, Dapo Segun, it gave the company ten working days in June 2025 to answer its queries, and in July 2025 summoned the Group Chief Executive Officer, Bayo Ojulari, again after he missed a hearing.

NNPC

What the record shows

  • May 2025
    Probe opened.
  • 26 June 2025
    The committee gave NNPC Limited ten days to account for the sums queried in its audited accounts.
  • 12 November 2025
    NNPC Limited sent a written explanation, which the committee rejected.
  • 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.