The NigerianSenate Committee on Public Accounts has issued a 10 working day ultimatum to the management of the Nigerian National Petroleum Company Limited (NNPCL) to appear before it and account for financial discrepancies amounting to over N210 trillion in the company’s audited statements spanning from 2017 to 2023.
The ultimatum followed a request by the NNPCL for a two-month extension, citing the need to collate relevant documents and the absence of senior management currently attending an international retreat.
Akelicious reports that in a sharp response to the letter, Senator Aliyu Wadada, Chairman of the Public Accounts Committee, rejected the appeal
If the company fails to honour the July 10 deadline, the committee may invoke legislative sanctions, including issuing a warrant of arrest or recommending punitive action through plenary resolutions.
The 2023 presidential candidate of the Labour Party (LP), Peter Obi, on Friday, said that the latest alleged ‘financial irregularities’ at the Nigerian National Petroleum Company Limited (NNPCL) unearthed by the Senate confirmed his position that the Nigeria has become “a crime scene.” His reaction came 48 hours after the…
The Nigerian Senate has threatened to issue warrant of arrest on some critical revenue generating agencies of government for undermining its summon to answer queries raised by the Office of the Auditor General of the Federation, with regards to financial transactions. The Senate Committee on Public Accounts, chaired by Senator…
The Nigeria Ethnic Nationality Youth Leaders Council Worldwide has demanded the resignation of the Managing Director of the Nigerian National Petroleum Corporation Limited, NNPCL, Mele Kyari, within seven days. This was contained in a statement issued by Mazi Okwu Nnabuike, the Publicity Secretary of the group. It could be re-called…
