The Senate Committee on Public Accounts has given the NNPCL 10 days to respond to 11 critical financial queries related to discrepancies in the company’s audited financial statements.
The Senate warned that failure to comply with the directive could attract serious constitutional consequences.
The queries relate to unexplained receivables and undocumented legal and audit fees spanning 2017 to 2023, including over N200 trillion in missing funds.
The deadline, which will elapse on July 10, comes after NNPCL requested a two-month extension to respond to the queries.
The Senate Committee flatly rejected the request, with Chairman Senator Aliyu Wadada stating, “It is unacceptable.”
“We have given them 10 working days,” Wadada revealed, adding that “this committee will not tolerate delay tactics in matters concerning public funds.”
“If the NNPCL boss fails to respond, the Senate would be compelled to invoke its constitutional oversight powers,” he warned.
“Any attempt to disregard this committee’s directive will amount to contempt of the Senate.
“We are here to protect public funds, and we will not be deterred,” he maintained.