{"id":68514,"date":"2025-06-19T08:35:24","date_gmt":"2025-06-19T08:35:24","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=68514"},"modified":"2025-06-19T08:35:24","modified_gmt":"2025-06-19T08:35:24","slug":"senate-probes-nnpcl-over-%e2%82%a6210-trillion-financial-discrepancies","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/06\/19\/senate-probes-nnpcl-over-%e2%82%a6210-trillion-financial-discrepancies\/","title":{"rendered":"Senate Probes NNPCL Over \u20a6210 Trillion Financial Discrepancies"},"content":{"rendered":"<p><strong>By Adenike Lawal<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>The Nigerian Senate has demanded explanations from the Nigerian National Petroleum Company Limited (NNPCL), over \u20a6210 trillion in financial discrepancies uncovered in its audited reports from 2017 to 2023.<\/p>\n<p>During a session on Wednesday, the Senate Committee on Public Accounts summoned NNPCL\u2019s Chief Financial Officer, Dapo Segun, to address concerns over vague entries in accrued expenses and receivables.<\/p>\n<p>Committee Chairman, Senator Aliyu Wadada, described the figures; including \u20a6103 trillion in accrued expenses and \u20a6600 billion in undocumented retention fees as \u201cindefensible\u201d and lacking supporting contracts or documentation.<\/p>\n<p>\u201cThis is not just suspicious, it undermines transparency and financial discipline,\u201d Wadada said.<\/p>\n<p>The committee gave NNPCL one week to provide detailed documentation or face further legislative action.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Adenike Lawal &nbsp; The Nigerian Senate has demanded explanations from the Nigerian National Petroleum Company Limited (NNPCL), over \u20a6210 trillion in financial discrepancies uncovered in its audited reports from 2017 to 2023. During a session on Wednesday, the Senate Committee on Public Accounts summoned NNPCL\u2019s Chief Financial Officer, Dapo Segun, to address concerns over [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":68515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1720,172],"tags":[],"class_list":["post-68514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/68514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=68514"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/68514\/revisions"}],"predecessor-version":[{"id":68516,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/68514\/revisions\/68516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/68515"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=68514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=68514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=68514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}