The Senate Committee probing the alleged 210 trillion Naira fiscal expenditure of the Nigerian National Petroleum Corporation Limited (NNPCL) spendings between 2017 and 2023 has summoned Mele Kyari, former Group Chief Executive Officer of the company; his former Chief Financial Officer, Umar Isa; and Group General Manager of the National Petroleum Investment Management Services, Bala Wunti, to appear before it on a date to be communicated to them soon.
According to the committee chairman, Senator Aliyu Wadada (Nasarawa West) told newsmen in Abuja that all the aforementioned men are to come before the committee alongside the incumbent GCEO, Bayo Ojulari, to account for why a sum of 210 trillion naira, a combined sum of 103 trillion naira and 107 trillion naira, was not accounted for.
Senator Wadada added that the said monies were not refunded into the Federation account under the watch of Kyari, figures the committee says were not properly accounted for as contained in the audit reports released recently on the company. More worrisome, according to the committee revelation, is the spending of 5 billion Naira on the company’s change of name, a disbursement it claimed is unacceptable, stressing that there is a need for a satisfactory explanation on that.
The committee also passed other resolutions on why the trio must appear; this includes non-remittance of all production costs the company (NNPCL) charged for crude oil revenue under the period. The resolution compelled Mele Kyari and others to come before it with external auditors that served within the period in review.
Similarly, the committee directed the auditor general of the federation to carry out a forensic audit review of the audited financial statements of NNPCL as mandated by the 1999 Constitution as amended.
Do you believe the NNPCL is now a veritable channel to defraud the Nigerian federation? Going by previous experiences when some of the company’s former officials have neither been jailed abroad for corruption nor in court for alleged graft, do you see the revelation of the Senate committee as significant?
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