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The Senate Committee on Public Accounts on Thursday summoned a former Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, and his management team over alleged N210 trillion discrepancies in its financial reports.
The Chairman of the committee, Senator Ahmed Wadada, announced the summon at a news conference in Abuja.
Wadada said the development followed the NNPCL unsatisfactory and unacceptable response to queries on its audited financial statements between 2017 and 2023.
“It is well known to the general public that this committee investigated the audited financial statement of NNPCL from 2017 to 2023.
“The investigation lingered, not because the committee abandoned it but because we wanted to do a very thorough job so that the outcome will not be ambiguous and will send the right signal to the public,” he said.
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The lawmaker said the inquiry began in May 2025 after concerns were raised on review of reports of Office of the Auditor-General for the Federation for the years ending 2019 and 2020.
“The committee subsequently reviewed the audited financial statements of NNPCL prepared by external auditors.
“The commiitee also examined financial records of the former National Petroleum Investment Management Services (NAPIMS), now known as NNPCL Upstream Investment Limited, for the same period,” Wadada added.
He revealed that the committee raised 19 questions to the management of NNPCL and sought clarifications on the inconsistencies observed in the financial records.
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