Mele Kyari Denies Missing N210 Trillion at NNPCL

Mele Kyari, the immediate past Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), refuted claims of N210 trillion being unaccounted for in the company's balance sheet as per the 2017 to 2023 Audit report. During a session with the Senate Committee on Public Accounts, Kyari stated that no financial infractions occurred under his leadership from 2019 to 2025.

He explained that the alleged discrepancies were related to accounting entries and did not indicate any financial loss. Kyari also dismissed claims of N5 billion being spent on the name change from NNPC to NNPCL, asserting that no such expenditure occurred during his tenure.

He noted that NNPCL transformed from a loss-making entity, which recorded a loss of $803 billion in 2018, to a profitable organization under his leadership. The Senate Committee, led by Chairman Ibrahim Dankwabo, expressed satisfaction with Kyari's responses and indicated that they would review the submitted information before deciding on further actions.