4 weeks ago
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By Henry Umoru, ABUJA
The Senate disclosed, Tuesday, that the Nigerian National Petroleum Company, NNPC, Limited, has responded to the 19 queries raised against it successful the audit reports of 2017 to 2023.
However, Chairman, Senate Committee connected Public Account, Senator Aliyu Wadada, explained that the responses were yet to beryllium critically looked into.
Recall that the Committee had connected the 29th of July this year, gave the Chief Executive Officer of NNPCL, Engineer Bayo Ojulari, 3 weeks to respond to the 19 queries connected N210 trillion yet to beryllium accounted for successful its audited account.
Wadada said: “While we were connected recess, management of NNPCL wrote to the committee, requesting an hold of clip to alteration them compile information and respond comprehensively to the questions we raised — and we granted that request.
“They person since responded, and we present person answers to each 19 questions we sent to them. However, the study is yet to beryllium presented earlier the committee. That is why, arsenic chairman, I person refrained from making immoderate nationalist connection connected the substance until it is decently laid earlier members.
“But fto maine guarantee you, arsenic I promised earlier connected behalf of the committee, we volition bash justness to the matter.”
Other NNPC issues
Wadada noted that beyond the audited fiscal statements, determination are different issues emerging astir the NNPC. He added that the archetypal of specified issues is production sharing contracts — specifically, the accumulation outgo to Nigeria which indispensable beryllium intelligibly defined.
He said the nationalist deserves to cognize what information goes to the NNPC, what goes to the planetary lipid companies, IOCs, and what accrues to the authorities nether the accumulation sharing arrangement.
“Furthermore, the committee has been informed that NNPC Retail has declared a loss. This improvement is besides of interest to america and to the public.
“We find it hard to recognize wherefore NNPC Retail should grounds a loss. But we volition question clarification erstwhile the corp appears earlier us.
“As acold arsenic the audited fiscal statements are acrophobic — which screen the play betwixt 2017 and 2023 — NNPC has submitted its responses to the 19 questions we asked.
“Nigerians and the media volition beryllium informed of the contents successful owed course. Out of those answers, the ones that marque consciousness and those that bash not volition beryllium evident to the public.”
The station NNPC has responded to each 19 queries implicit unaccounted N210trn – Senate appeared archetypal connected Vanguard News.
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