No N210tn missing from NNPC — Kyari
The immediate past Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, on Tuesday denied allegations that N210tn was unaccounted for in the company’s… Read More: https://punchng.com/no-n210tn-missing-from-nnpc-kyari/
Mele Kyari, the former Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC), has refuted claims of a missing N210tn in the company's financial records. Speaking before the Senate Committee on Public Accounts, Kyari stated that the discrepancies in the 2017-2023 audit reports were merely accounting entries and not indications of lost funds.
He emphasized that no money was lost during his tenure from 2019 to 2025. Kyari clarified that the flagged figures were due to bookkeeping issues, which he believed were misinterpreted as financial infractions. He also dismissed allegations that N5bn was spent on renaming NNPC to NNPC Limited, explaining that the payment was initially made by the company on behalf of the Federation and then charged to the government's revenue account.
Kyari defended his leadership, asserting that NNPC transformed from a loss-making organization to a profitable one for the first time in its 44-year history.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- NNPC Audit Report: Former GMD tells lawmakers ₦210 trillion isn’t missing premiumtimesng.com
