Public account of the Senate intended to counter nnpcl on ₦ 210 trillion of fraud accusations

Public account of the Senate intended to counter nnpcl on ₦ 210 trillion of fraud accusations

Abuja (Reporter Core) The Nigerian Senate, Wednesday 25 June, will face the Nigerian National Petroleum Company Limited (NNPCL) which should provide a detailed explanation for alleged discrepancies of over 210 trillion in its auditory financial statements that will cover the years 2017 to 2023. Green job opportunities

We remind you that the Senate’s publication committee chaired by Senator Aliyu Wadada last Wednesday issued an ultimatum for the appearance of the NNPCL leadership after a session of grills during which the registers of the oil company were examined. Legislators raised concerns about inexplicable data listed in “accrued expenses” and “credits” in the controlled relationships that cover six years.

During the session, the Committee discovered multiple discrepancies in the observations presented by the Chief Financial Officer of NNPCL, Dapo Segun, together with other officials of the main companies, based on the reports of the external auditors.

The president of the Committee, Senator Aliyu Wadada, described the inconsistencies as “stunning” and “unacceptable”.

According to him, the controlled declarations listed expenses accrued for a total of 103 trillions, including conservation commissions, legal expenses and costs of the auditors, none of which have been supported with appropriate documentation.

He said: “The sustaining commissions are mentioned at over 600 billion, but contracts have not been referenced to justify these amounts.

“There are also legal fees without attached details of the legal commitments that led to these costs.

Basic journalists report that members of the tenth Senate Committee for public accounts do not seem people who will go down very easily in their research to discover the fraud and corruption in progress in the company.