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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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Kwara: Security Team Kills Two Bandits, Rescues Two Kidnap Victims

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Stephen Olufemi Oni, Ilorin

A security team, comprising operatives of DSS and forest guards, has rescued two victims of abduction in a forest between Oba Isin/Owa Onire area of isin and Ifelodun Local Government Areas of Kwara State.

The rescued victims are 16-year-old Fatima Azeez and Ibrahim Azeez who is five-year old.

The team also eliminated two armed bandits, while others escaped with severe injuries as the security forces stormed their hideouts, according to a report by DSS and local authorities.

The security team also recovered several items from the kidnappers, including one Ak-47 rifle; one single barrel; one fully loaded magazine with nine empty; mini-solar panel; and food items.

The rescue operation is connected to the multi-agency counterterrorism and anti-kidnapping efforts of the government.

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Kwara: Police Launch Investigations Into Killing Of Farmer On Farmland

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Stephen Olufemi Oni, Ilorin

The Kwara State Police Command has commenced full-scale investigations into the killing of a farmer, Mr Azeez Garba, whose body was discovered on his farmland along the Owa-Onire axis, the boundary between Isanlu-Isin and Owu-Isin in Isin Local Government Area of the State.

The Commissioner of Police, Ojo Adekimi, described the murder as “cruel, senseless and unacceptable,” and directed the State Criminal Investigation Department (SCID) to intensify efforts to identify and arrest those behind the attack.

According to the police, preliminary investigations showed that the deceased left home for his farm in the morning but did not return, prompting his family members and local vigilantes to organise a search.

The search party reportedly found his motorcycle parked on the farmland before discovering his lifeless body a short distance away. Police said the victim had sustained deep machete cuts.

Reacting to the incident, CP Adekimi ordered investigators to deploy all available intelligence and investigative resources to unravel the circumstances surrounding the killing.

“The killing is cruel, senseless and unacceptable,” the commissioner of Police said, assuring residents that the command would leave no stone unturned in bringing the perpetrators to justice.

Although no suspect had been arrested as of Monday, the command said all available leads were being diligently pursued.

The police also assured the bereaved family, the people of Isin Local Government Area and the general public that investigators were working tirelessly to track down everyone connected with the crime.

“The Kwara State Police Command remains unwavering in its commitment to safeguarding lives and property across the state and will not relent until every person responsible for this reprehensible act is brought before the law,” the statement added.

The statement was signed by the Police Public Relations Officer, SP Adetoun Ejire-Adeyemi, on behalf of the Commissioner of Police.

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Kwara: Joint Security Team Arrests Alleged Cultist, Recovers Firearm

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Stephen Olufemi Oni, Ilorin

A coordinated security operation involving the Kwara State Police Command, other security agencies and the Kwara State Polytechnic Security Unit has led to the arrest of a suspected cultist, Agboola Olamilekan, with a locally fabricated pistol recovered from him in Ilorin.

The operation, carried out as part of ongoing efforts to combat cultism and violent crimes across the state, was described by the police as another breakthrough in intelligence-driven policing aimed at dismantling criminal networks and reducing the circulation of illegal firearms.

Police Public Relations Officer, SP Adetoun Ejire-Adeyemi, in a statement issued on Wednesday on behalf of the Commissioner of Police, said the suspect was apprehended during the joint operation while in possession of the firearm.

According to the statement, the operation is part of the Command’s sustained strategy to disrupt cult-related activities and deny criminal elements the opportunity to operate within the state.

Commenting on the development, the Commissioner of Police, CP Ojo Adekimi, reaffirmed the Command’s determination to intensify the fight against cultism and other violent crimes.

“Every successful operation represents another step towards dismantling criminal networks and enhancing public safety across the state through proactive and intelligence-led policing,” the commissioner said.

The police disclosed that investigations are ongoing to identify and arrest other suspected members of the criminal network linked to the suspect.

The Command added that it remains committed to advancing the policing vision of the Inspector-General of Police, IGP Olatunji Rilwan Disu, through intelligence-led policing, strategic collaboration with relevant stakeholders and sustained operations aimed at ensuring that those responsible for threatening the peace and security of Kwara State are brought to justice.

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