Nigerian Senate Demands Refund of N210 Trillion from NNPC Over Unaccounted Funds
The Nigerian Senate's Public Accounts Committee, led by Aliyu Wadada, demands a refund of N210 trillion from NNPC Ltd due to unexplained transactions totaling N103 trillion in expenses and N107 trillion in receipts. The committee rejected NNPC's explanations, including discrepancies in financial figures and cash call payments to joint venture partners.
NNPC's absence and unsatisfactory responses led to the rejection of their claims, with concerns raised over the handling of significant sums. President Muhammadu Buhari's administration's actions regarding NNPC's financial management are also scrutinized.
Plus234Feed summary based on reporting from Ripples Nigeria. Read the original report below.
Read full article
Continue on Ripples Nigeria
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Senate Rejects NNPC's Explanations on Unaccounted N210 Trillion
Nigerian Senate Slams NNPC Over Alleged ₦210 Trillion Missing Funds
Nigerian Senate Orders NNPC to Refund Trillions Amid CEO's Absence
Nigerian Senate Uncovers N300 Billion Unaccounted Crude Oil Proceeds, Reveals System Lapses
Nigerian Senate Questions CBN Over Alleged N1.44 Trillion Unremitted Surplus
Nigerian Senate Summons NNPC CEO Over Missing ₦210 Trillion
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
