
Nigerian Senate: Demand Refund Of ₦210 Trillion From NNPCL
Nigerian Senate rejects NNPCL explanations over ₦210 trillion unaccounted funds, citing illegal subsidies and lack of transparency in operations.
Nigeria’s Senate has rejected explanations offered by the Nigerian National Petroleum Company Limited (NNPCL) regarding an unaccounted ₦210 trillion in its financial records, insisting the funds be refunded to the Federation Account. The decision comes after months of investigation by the Senate Committee on Public Accounts.
The committee’s scrutiny, covering NNPCL operations between 2017 and 2023, identified ₦103 trillion in accrued expenses and ₦107 trillion in receivables in the company’s audited financial statements. The figures prompted repeated queries from the panel, …













