By Omoniyi David
The Senate Committee on Public Accounts has confirmed that the Nigerian National Petroleum Company Limited (NNPCL) has responded to 19 audit queries over alleged unaccounted funds totalling N210 trillion between 2017 and 2023.
Committee Chairman, Senator Aliyu Wadada, disclosed this to journalists in Abuja, noting that while the responses have been received, the committee is yet to scrutinize them.
He recalled that NNPCL had earlier requested and was granted an extension to compile its responses after the July 29 deadline.
Wadada said the committee would thoroughly review the submissions before making any public statement, assuring that “justice will be done to the matter.”
He also revealed that new issues had emerged regarding production sharing contracts and reported losses by NNPCL Retail.
“We find it difficult to understand why NNPCL Retail should record a loss, but we will seek clarification when the corporation appears before us,” he said.
Wadada assured that Nigerians would be informed of the committee’s findings once its review is concluded.
