Nigerian Senate Rejects NNPC's Explanations on Unaccounted N210 Trillion
The Nigerian Senate's Public Accounts Committee rejected the Nigerian National Petroleum Corporation's (NNPC) explanations regarding the unaccounted N210 trillion from 2017 to 2023. The committee raised 19 queries against NNPC, highlighting discrepancies in financial reports.
NNPC's claims of expenses and revenues totaling N210 trillion were questioned, with the committee finding contradictions and red flags. Despite NNPC's absence at the committee hearing, further scrutiny on NNPC's financial submissions revealed inconsistencies, leading to the rejection of their explanations on the missing funds.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
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