Nigerian Senate Summons NNPCL Management Over N210 Trillion Discrepancy

The Senate Committee on Public Accounts has summoned the immediate past and current management of Nigerian National Petroleum Company Limited, including former GCEO Mele Kyari, former CFO Umar Ajia Isa, and former GGM of Nigerian National Petroleum Company Limited===National Petroleum Investment Management Services Bala Wunti, over an alleged N210 trillion not properly accounted for between 2017 and 2023. The committee's decision follows unsatisfactory responses to 19 audit queries. Key issues include N103 trillion in 'accrued expenses' and N107 trillion in 'sundry receivables' that lack proper explanation, as well as N5 billion spent on the company's name change. The committee has directed Nigerian National Petroleum Company Limited to account for the funds, refund production costs, and recommended a forensic audit by the Nigeria===Office of the Auditor-General for the Federation. Warrants of arrest may be issued if the summoned officials fail to appear.