Audit report: Ojulari must clarify unaccounted N210trillion by NNPCL, says Senate
By Tunde Opalana
The Senate has made it imperative for the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited ( NNPCL), Engineer Bayo Ojulari to appear before it’s Public Accounts Committee to clarify issues surrounding the N210 trillion financial infraction raised against the company.
The NNPCL) was inducted in the audit reports of 2017 to 2023 , which claimed the amount was uncounted for by the state owned oil company .
The Committee chairman, Senator Aliyu Wadada Ahmed ( Nasarawa West), however cleared the air that no one in the NNPCL was accused of stolen the said money but the company as a corporate entity need to clarify issued on the allegations.
The committee made the pronouncements on Thursday during a rescheduled investigative hearing it had with top management staff of NNPCL.
It would be recalled that theb committee had at the end of investigative session it had with management of NNPCL on 26th of last month, ,directed that the GCEO of the company must appear before it along with relevant officers on 10th of July , 2025 to account for the N210trillion financial infraction and defend other queries raised NNPCL in the audit reports.
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During the engagement yesterday, the committee refused to allow the Chief Financial Officer ( CFO) , Mr Dapo Segun to make any submission or presentation to it on behalf of the GCEO , Engineer Bayo Ojulari, who was said to have traveled for Organisation of Petroleum Exporting Countries ( OPEC) meeting currently holding in Vienna in Austria .
A furious Senator Abdul Ningi ( Bauchi Central ) , accused NNPCL of taking the committee for granted with persistence absence of its GCEO from critical sessions requiring his presence .
” It is very disturbing and unacceptable for the GCEO of NNPCL to dishonour this committee’s invitation for his appearance again.
” He has never appeared before this committee since his appointment which is really disturbing .
” Invitation for his appearance before the committee was sent to him before the OPEC meeting which as far as we are concerned, he supposed to use his discretion on where to be today which should be before this committee and by extension , the Senate of the federal republic of Nigeria .
” He must appear before this committee as directed “, he said .
Also, Senator Adams Oshiomhole ( Edo North) , slammed NNPCL GCEO for his persistent failure of appearing before the committee .
” Nobody is bigger than the country and anybody who feels so, has no business in government. NNPCL GCEO should make good use of the window of invitation for appearance being offered him now before the door is shut against him with forceful one .
” The committee is not appealing but ordering him to appear before it which in his own interest , must be obeyed”, he said .
The Committee accordingly as declared by the Chairman , resolved that NNPCL GCEO must appear before it unfailingly on a date that will be communicated to him .
Senator Wadada before making the declaration , clarified that the committee does not have anything against anybody in NNPCL but doing its constitutionally mandated duty of making Nigeria work through thorough scrutinization of how public funds are spent .
” I don’t have anything against anybody in NNPCL just as other members of the committee, but carrying out our constitutional mandate of ensuring probity and accountability on spending of public funds.
” NNPCL as clearly stated in the audit report of 2017 to 2023, must account for N210trillion financial infraction .
” This committee never said NNPCL stole the money but is requesting it to account for it .
” The GCEO of NNPCL must appear before this committee to give the account and offer explanations on other queries raised “, he said.
