NNPCL and INEC Officials to Face Audit Queries Over ₦802 Billion

The House of Representatives Public Accounts Committee, chaired by Bamidele Salam, will question officials from the Nigerian National Petroleum Company Limited (NNPCL) and the Independent National Electoral Commission (INEC) on October 5 and 6 regarding audit queries exceeding ₦802.19 billion. These queries arise from the Auditor-General for the Federation's reports for the financial years 2021, 2022, and 2023, focusing on alleged irregularities in procurement, revenue management, and compliance with financial regulations.

The NNPCL faces allegations of financial infractions totaling ₦514 billion, including irregular deductions from domestic crude oil sales and unauthorized deductions from Federation revenue. The INEC is implicated in queries concerning procurement procedures and failure to remit statutory deductions during the tenure of former Chairman Prof Mahmood Yakubu, who is now an ambassador.

The committee expects to receive explanations and supporting documents from the agencies involved.