N802bn audit breaches: Reps probe NNPC, INEC

The Public Accounts Committee of the House of Representatives is set to question officials from the Nigerian National Petroleum Company Limited (NNPCL) and the Independent National Electoral Commission (INEC) over alleged financial breaches totaling more than N802.19bn. These allegations are based on reports from the Auditor-General for the Federation covering the 2021, 2022, and 2023 financial years, which raised concerns over procurement procedures, revenue management, payments, and compliance with financial regulations.

The committee, chaired by Bamidele Salam, will require the NNPCL to provide supporting documents and respond to the audit queries, while INEC is expected to provide clarifications on alleged financial breaches of about N288.19bn.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.