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Senate rejects NNPCL’s Explanations on unaccounted N210trillion

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…threatens to subpoena former GMDs

From Hassan Taiye

The Senate Tuesday through its committee on Public Accounts , rejected written explanations forwarded to it by management of the Nigerian National Petroleum Company Limited ( NNPCL) on unaccounted N210trillion from 2017 to 2023.

The Committee headed by Senator Aliyu Wadada Ahmed ( Nasarawa West) had on the strength of 19 different queries raised against NNPCL by Office of the Auditor – General of the Federation in the financial reports of 2017 to 2023 , directed NNPCL to account for N210trillion financial infraction as contained in the reports .

Though the management of NNPCL in line with the directive, responded to the 19 queries through written explanations but failed to physically appear before the Committee on Tuesday ( November 11, 2025) as earlier suggested and agreed .

Irked by the development , the committee through its Chairman at the session , slammed the Group Chief Executive Officer ( GCEO) of NNPCL, Engineer Bayo Ojulari for offensive evasiveness which according to him, will not make the committed recognise any representation from NNPCL again ,

He said : ” Today, November 11, 2025, was a date chosen by NNPC. it is rather unfortunate that none of the officials of NNPC is here on a date they themselves chose.”

“The public has been waiting for this. It is important that we keep Nigerians informed. Even though we cannot conclude today in the absence of NNPC officials, the committee must share our findings based on the responses already submitted by NNPC.”

He revealed that NNPC’s financial submissions raised serious red flags — particularly claims of ₦103 trillion in accrued expenses and ₦107 trillion in receivables, totaling ₦210 trillion between 2017 and 2023.

“NNPC claimed ₦103 trillion as accrued expenses and ₦107 trillion as receivables — amounting to ₦210 trillion. On question eight, NNPC’s explanation on the ₦107 trillion receivables — equivalent to about $117 billion — contradicts available facts and evidence provided by NNPC itself. The committee is duty-bound to reject this”, he said

He further questioned how NNPC could pay ₦103 trillion in cash calls to joint venture partners in 2023 alone, despite generating only ₦24 trillion in crude revenue between 2017 and 2022.

“Cash call arrangements were abolished in 2016 under the Buhari administration. How can NNPC claim to have paid ₦103 trillion in one year, when it only generated ₦24 trillion in revenue over five years? Where did NNPC get that money?

“As far as this committee is concerned, that figure is unjustifiable and unacceptable. The ₦103 trillion must be returned to the Treasury. This will be concluded when NNPC appears before us.”

He added that the committee also outrightly rejected the ₦107 Trillion receivables which stand for assets in accounting.

“NNPC claimed of ₦107 trillion as receivables — part of which they said was held in defunct banks. However, no bank or amount was named.

“This lack of transparency is unacceptable. By the time you combine both figures — ₦103 trillion and ₦107 trillion — NNPC must account for ₦210 trillion.

“If the present management of NNPC is finding it difficult to provide acceptable answers, it is better they say so. The committee will not hesitate to subpoena former officials of NNPC and NAPIMS.

“NAPIMS, by law, is a department under NNPCL and cannot maintain an independent account. Yet, NAPIMS has been operating as if it were a separate entity”, he stressed .

He warned that any future absence of NNPC’s Group Chief Executive Officer (GCEO) before the committee would no longer be tolerated.

“At any point this committee invites NNPC, the Chief Executive must appear in person. Being out of the country will no longer be accepted as an excuse. The next invitation will require the GCEO’s physical presence.”

In their separate remarks , all members of the committee present at the session , supported the decisions announced by the Chairman .

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Benue Killings: Tiv Youths Give Politicians, Governments 90-Day Ultimatum

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The Tiv Youths Organisation (TYO), Worldwide, has issued a 90-day ultimatum to political aspirants across all parties and to governments at the local, state and federal levels to put an end to the ongoing killings by suspected herdsmen in Benue State.

The warning was issued by the Acting President General of the organisation, Comrade Patrick Terfa Angbagh, amid continued attacks, loss of lives and the displacement of Tiv communities. He described the situation as a clear failure of leadership and governance, stressing that the blood of Benue people must no longer be reduced to political statistics.

According to Angbagh, the Tiv people have endured prolonged suffering marked by repeated attacks, mass burials and what he described as “empty condolences.”

“The Tiv people and Benue citizens have suffered enough pain. If within the next 90 days these killings do not stop, then no aspirant—regardless of party affiliation—should expect to campaign or seek votes in Benue State ahead of the 2027 elections,” he said.

The organisation warned that political ambition without a commitment to protecting human lives was unacceptable, adding that Tiv youths across the state were ready to mobilise peacefully to resist any attempt to normalise insecurity for electoral gain.

Angbagh emphasised that security should not be treated as a campaign slogan but as a constitutional responsibility. He called on the Federal Government to strengthen intelligence gathering, improve security deployment and ensure accountability among security agencies.

He also urged the Benue State Government to move beyond rhetoric and take concrete action, while charging local government authorities to assume responsibility for community protection and the establishment of effective early-warning systems.

The Tiv Youths Organisation cautioned that silence, indifference or political exploitation of the crisis would no longer be tolerated, warning that Benue must not be turned into a killing field ahead of future elections.

“Any aspirant who cannot defend the lives of the people has no moral right to ask for their votes,” Angbagh stated.

The group reaffirmed its commitment to peaceful advocacy, justice and the protection of Tiv ancestral lands, and called on traditional rulers, religious leaders and civil society organisations to join in demanding urgent action to end the killings.

“Enough is enough. Benue lives matter,” the organisation declared.

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Woro Bandits’ Attack: Kwara Gov sets up seven-person committee

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Stephen Olufemi Oni, Ilorin

Kwara State Governor AbdulRahman AbdulRazaq has approved the appointment of a seven-person committee to interface with Woro community on humanitarian support that the Governor announced earlier on Thursday.

In a statement on Friday, Chief Press Secretary to the Governor Rafiu Ajakaye said the Chairman of the Committee is Hon. Ahmed Kiwozi, a former lawmaker from Kaiama Local Government Area.

Other members are the Vice Chairman of the Local Government Council Aisha Abubakar Sadiq; Alhaji Abubakar Mora; Woro Village Head Alhaji Umar Bio Saliu; and a representative each of the State Emergency Management Agency (SEMA) and Kwara State Social Investment Programme (KWASSIP); and a representative of the Office of the Secretary to the State Government who should be a female.

The Committee, which has four weeks to carry out its assignment, will interface with the community leaders on rebuilding efforts, areas of need of the survivors, and other outstanding issues.

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Tinubu Holds High-Level APC Meeting at Presidential Villa

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Fabian Apechihin

President Bola Ahmed Tinubu on Thursday met with top stakeholders of the ruling All Progressives Congress (APC) at the Presidential Villa, Abuja, to review preparations for the party’s forthcoming convention and congresses.

The closed-door meeting brought together members of the APC national leadership, state governors, and key figures from the party’s caucus in the National Assembly.

Among those present were Senate President Godswill Akpabio; Chairman of the Nigerian Governors Forum and Kwara State Governor, AbdulRahman AbdulRazaq; Chairman of the Progressive Governors Forum and Imo State Governor, Hope Uzodimma; Deputy Senate President Barau Jibrin; House of Representatives Majority Leader, Prof. Julius Ihonvbere; Chief Whip of the House, Usman Bello Kumo; Chief of Staff to the President, Femi Gbajabiamila; and APC National Secretary, Senator Ajibola Bashiru.

Speaking after the meeting, APC National Chairman, Professor Nentawe Yilwatda, described the engagement as brief but productive, noting that it focused on aligning preparations and strengthening unity within the party ahead of the convention and congresses.

According to Yilwatda, discussions centred on deepening collaboration between the party’s national leadership, sub-national governments, the National Assembly, and the party structure. “It was a brief meeting to review our preparations for the convention and congresses and to strengthen synergy among all arms of government,” he said.

He added that the party’s rapid growth, marked by the influx of new members, governors, and lawmakers, made inclusivity a key priority. “The party is expanding every day. We are growing beyond bounds, and we want to ensure that in the process of this growth, nobody is left behind,” Yilwatda stated.

The APC chairman also praised President Tinubu’s leadership, describing him as a seasoned politician whose guidance continues to shape the party’s strategic direction. “Mr President is a very experienced politician. His advice was remarkable, and his deep understanding of the political cycle is driving the strength and expansion of the party,” he said.

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