Senate Grants NNPCL More Time to Defend ₦210 Trillion Audit Queries!

Reported by David Joshua | Sele Media Africa

The Nigerian Senate has confirmed that the Nigerian National Petroleum Company Limited (NNPCL) requested additional time to respond to 19 audit queries concerning ₦210 trillion in unaccounted funds spanning its 2017–2023 financial statements. The Senate committee has approved the request. [1]

What’s Behind the Queries

• The ₦210 trillion in question breaks down roughly into ₦103 trillion liabilities and ₦107 trillion assets, figures that the Senate says require detailed reconciliation and explanation. [2]
• The audit observations stem from reports submitted by the Auditor‑General, not from ad hoc Senate investigations. [3]
• NNPCL’s CEO, Engineer Bayo Ojulari, appeared before the Senate Public Accounts Committee and pleaded for more time, citing the complexity and the need to thoroughly study the issues. [4]

Senate’s Response & Timeline

• Initially, the Senate gave NNPCL a three-week deadline (21 days) to submit explanations for all 19 queries. [2]
• The committee accepted NNPCL’s request for more time, and the responses have since been submitted. However, those responses are yet to be fully vetted by the committee. [1]
• Senator Aliyu Wadada, Chairman of the Senate Public Accounts Committee, stated that the responses would be critically examined, and that further appearances by NNPCL leadership may follow depending on gaps or clarifications needed. [1]
  Citations:

1. Vanguard News: www.vanguardngr.com/2025/10/nnpcl-has-responded-to-queries-on-unaccounted-n210trn-senate/?utm_source=chatgpt.com
2. Vanguard News: www.vanguardngr.com/2025/07/audit-report-senate-gives-nnpcl-three-weeks-to-reply-queries-on-n210trn/?utm_source=chatgpt.com
3. Leadership News: leadership.ng/senate-gives-nnpcl-3-weeks-to-clarify-n210trn-financial-irregularities/?utm_source=chatgpt.com
4. TheCable: www.thecable.ng/senate-panel-gives-nnpcl-three-weeks-to-explain-n210trn-audit-queries/?utm_source=chatgpt.com

About The Author

Marian Opeyemi Fasesan

Marian Opeyemi Fasesan is a dynamic journalist and editorial leader committed to excellence in news reporting and storytelling. As the Managing Editor of Sele Media Africa, she ensures daily operations run smoothly while upholding the highest editorial standards. With a strong eye for detail and deep understanding of audience engagement, Marian coordinates content across platforms, guiding teams to produce compelling, timely, and credible news. Her leadership reflects the heart of Sele Media Africa’s mission—to inform, inspire, and elevate voices across the continent.

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