Nigeria's Senate Public Accounts Committee, led by Senator Aliyu Wadada, has flagged over ₦210 trillion in questionable entries in the Nigerian National Petroleum Company Limited’s (NNPC) audited financial statements from 2017 to 2023.
Key concerns include:
- Unexplained legal and auditing fees with no documentation or justification.
- Contradictory figures in receivables—amounts owed to NNPC—that don’t match between submitted documents and official audits.
- Accrued expenses totaling trillions, including retention fees, that lack supporting contracts or records.
The Senate has issued 11 formal queries to NNPC’s finance team and given them one week to respond
from Channels television
Gwo gwo gwo ngwo,rubber stamp senate, all bark and no bite
ReplyDeleteI hope this will not end under the carpet as usual..
ReplyDeleteNigeria we hail thee! What a country with heartless leaders, pocketing money that could have gone round
ReplyDeleteHow much is left in the purse? A matter of "the more u look the less u see"
ReplyDeletesomebody will go there and faint and that will be the end of the case.
ReplyDeleteWanton greed. 😌😌😌😠
ReplyDeleteThese present senators just want their own share of the loot. At the end of the day, nothing good will come out of the probe.
ReplyDeleteThey are one and same. Nothing will come out of this .
ReplyDelete