The senate has issued a one-week ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) to provide detailed explanations regarding discrepancies amounting to over ₦210 trillion in its audited financial statements from 2017 to 2023.
The directive followed a questioning session by the senate committee on public accounts, which scrutinized the company’s records and raised concerns over unexplained figures under “accrued expenses” and “receivables” in the reports.
During the session on Wednesday, where Dapo Segun, the Chief Financial Officer, alongside some other top officials of the company, appeared before the senate, several discrepancies were unveiled from the external auditors’ report of the NNPCL.
