Senate says NNPCL responded to 19 queries on unaccounted N210trn

The Senate Committee connected Public Accounts says the Nigerian National Petroleum Company (NNPCL) has responded to 19 queries raised against it successful the audit reports of 2017 to 2023.

Chairman of the Committee Sen. Aliyu Wadada made the clarification successful an interrogation with newsmen successful Abuja.

Wadada said that NNPCL had responded to the queries, adding that the committee is yet to critically look astatine the responses provided by NNPCL.

The News Agency of Nigeria (NAN) reports that the committee had, connected July 29, fixed the Chief Executive Officer of NNPCL, Mr Bayo Ojulari, 3 weeks to respond to 19 queries connected the N210 trillion yet to beryllium accounted for successful the audited relationship of company.

“While we were connected recess, absorption of NNPCL wrote to the committee, requesting an hold of clip to alteration them to compile information and respond comprehensively to the questions we raised, and we granted that request.

“They had 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.”

He said that beyond the audited fiscal statements, determination were different issues emerging astir the NNPCL.
According to him, the archetypal of specified issues is accumulation sharing contracts.

“Specifically, the accumulation outgo to Nigeria indispensable beryllium intelligibly defined, and the nationalist deserves to cognize what information goes to the NNPCL, 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 NNPCL Retail has declared a loss.

“This improvement is besides of interest to america and to the public; we find it hard to recognize wherefore NNPCL retail should grounds a loss, but we volition question clarification erstwhile the corp appears earlier us.

“As acold arsenic the audited fiscal statements are concerned, 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”, helium stressed. (NAN)

The station Senate says NNPCL responded to 19 queries connected unaccounted N210trn appeared archetypal connected Vanguard News.