The senate committee on public accounts has summoned Mele Kyari, former NNPC group managing director and other past officials over alleged financial discrepancies totaling N210 trillion between 2017 and 2023.
Aliyu Wadada, chairman of the committee and senator representing Nasarawa west, spoke to journalists about the invitation during a press briefing at the national assembly complex on Thursday.
Wadada said the committee launched the legislative inquiry in the exercise of its constitutional mandate to ensure accountability, transparency, and value for money in the management of public funds.
He said the investigation is backed by sections 85, 88, and 89 of the 1999 constitution and the senate standing orders.
“The senate public accounts committee, in the exercise of its constitutional mandate to ensure accountability, transparency, and value for money in the management of public accounts of the federation, embarked on a status inquiry into the income and expenditure of the Nigerian National Petroleum Company Limited,” he said.
The committee highlighted unexplained accrued expenses of N103 trillion, sundry receivables of N107 trillion, duplication of subsidy deductions amounting to N3.8 trillion, and questionable charges of N5.9 billion incurred during the NNPC’s transition to a commercial entity.
Former NNPC and NAPIMS officials, including Umar Ajiya and Bala Wunti, have also been invited, while a forensic audit of the company’s accounts from 2017 to 2023 has been recommended.
