- Senate Public Accounts Committee summons former NNPCL boss Mele Kyari.
- Investigation centres on N210 trillion allegedly not properly accounted for between 2017 and 2023.
- Former NNPCL finance chief and NAPIMS boss also invited.
- Probe follows concerns raised in Auditor-General’s reports.
The Senate investigation into NNPCL’s finances has taken a new turn as lawmakers summoned former top officials of the national oil company, including Mele Kyari, over an alleged N210 trillion that the committee says was not properly accounted for.
The Senate of Nigeria Committee on Public Accounts has summoned the immediate past Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, to explain alleged financial discrepancies involving trillions of naira.
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Also invited by the committee are former Chief Financial Officer Umar Ajia Isa and former Group General Manager of the National Petroleum Investment Management Services (NAPIMS), Bala Wunti.
The Senate committee said the summons relates to about N210 trillion allegedly not properly accounted for by NNPCL between 2017 and 2023.
Chairman of the committee, Aliyu Wadada, disclosed the development during a press briefing at the National Assembly Complex in Abuja on Thursday.
According to Wadada, the inquiry is part of the Senate’s constitutional responsibility to ensure transparency and accountability in the management of public funds.
“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,” Wadada stated.
The committee further explained that the probe was triggered by concerns raised while reviewing reports submitted by the Office of the Auditor-General for the Federation.
According to the committee chairman, the amount under review consists of N103 trillion and N107 trillion, which lawmakers say were not properly explained during the financial review process.
“NNPCL should refund the sum of N210 trillion, being the combined figures of N103 trillion and N107 trillion, which were not properly explained to the committee,” Wadada added.
He also noted that the figures could not simply be offset or “netted off” under standard accounting practices and therefore require proper reconciliation.
The Senate committee revealed that the investigation officially started in May 2025 after lawmakers noticed possible financial management lapses while examining audit reports covering government agencies.
Specifically, the inquiry focuses on observations contained in the Auditor-General’s reports for the financial years ending 2019 and 2020.
Lawmakers say the goal of the probe is to ensure that public institutions handling national revenue operate with transparency and full accountability.