NNPC and INEC Face N802bn Probe by House Committee

The House of Representatives Public Accounts Committee, chaired by Bamidele Salam, is set to investigate alleged financial infractions involving the Nigerian National Petroleum Company Limited (NNPCL) and the Independent National Electoral Commission (INEC). The probe is based on audit queries totaling over N802.19 billion, as reported by the Auditor-General for the Federation.

The investigation will take place at the National Assembly in Abuja on October 5 and 6, 2026. The NNPCL is expected to address transactions linked to approximately N514 billion in alleged infractions from the 2021 audit report, while INEC will respond to queries involving about N288.19 billion from the 2022 report.

The committee's authority is derived from Sections 85, 88, and 89 of the 1999 Constitution, and its responsibilities include examining government accounts and investigating revenue losses. Officials from both NNPCL and INEC have been scheduled to appear before the committee.