Senate Demands NNPCL Leadership Account for ₦210 Trillion Audit Discrepancy

The Nigerian Senate has ordered top executives of the Nigerian National Petroleum Company Limited (NNPCL) to appear before it over an alleged ₦210 trillion discrepancy uncovered in the company’s audited financial records.

The Senate Committee on Public Accounts has rejected earlier explanations provided by the NNPCL, insisting that management must present a detailed breakdown of liabilities, receivables, and expenditures linked to the 2017–2023 audit period. Lawmakers argued that the responses given so far were “unsatisfactory and unacceptable,” prompting a fresh directive for full appearance and clarification.

According to the committee, the Group Chief Executive Officer of NNPCL, along with former and current senior officials and external auditors, must appear on April 29, 2026, to defend the figures and resolve what has been described as “unaccounted financial entries” running into trillions of naira.

The Senate stressed that the investigation is not a political witch-hunt but a constitutional responsibility aimed at ensuring transparency and accountability in the management of public funds.

Lawmakers also rejected attempts to delegate representation, insisting that the leadership of the company must personally respond to the queries.

The development adds to growing scrutiny of NNPCL’s financial operations and raises broader concerns about transparency in Nigeria’s oil revenue management system.