The Senate has summoned NNPCL’s Group CEO, Bayo Ojulari, to explain why the company has yet to account for N210 trillion flagged in the Auditor-General’s 2017–2023 report.
Senator Aliyu Wadada, Chair of the Public Accounts Committee, said the Senate is not accusing NNPCL of theft but demanding transparency in line with its oversight mandate.
“We are asking for accountability, not making allegations,” Wadada said, adding that the company’s failure to respond to audit queries raises red flags.
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Ojulari missed Thursday’s session due to the OPEC seminar, sending CFO Dapo Segun in his place. The committee rejected Segun’s presentation and insisted Ojulari must appear in person.
Senator Adams Oshiomhole warned that NNPCL’s leadership must respect legislative oversight. “No one is above the country. We will escalate this if necessary,” he said.
What You Should Know
The Senate initially directed Ojulari to appear on July 10.
His failure to attend could result in further actions, including an arrest warrant.
Sunday Michael Ogwu is a Nigerian journalist and editor of Pinnacle Daily. He is known for his work in business and economic reporting. He has held editorial roles in prominent Nigerian media outlets, where he has focused on economic policy, financial markets, and developmental issues affecting Nigeria and Africa more broadly.
