Former NNPC Chief Dismisses Claims of Missing ₦210 Trillion in Audit Report

The former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), while addressing lawmakers, categorically denied claims that ₦210 trillion had gone missing as detailed in a recent audit report. He stated, "The issue of ₦210 trillion that is misconstrued in the reports as having been lost; I have confirmed at this moment that nothing is lost. It's simply not possible under my care and under my leadership for that to happen, but it did not happen."

This statement comes in response to growing concerns and scrutiny regarding the financial operations of the NNPC, particularly in light of ongoing debates about transparency and accountability in the management of Nigeria's oil revenues. The former GMD's assertions aim to clarify the situation and reassure stakeholders that proper financial governance was maintained during his tenure.

Lawmakers have expressed the necessity for a thorough understanding of the audit findings, which have raised questions about the accountability of the NNPC in managing national resources. The call for transparency is critical, especially as Nigeria grapples with issues of corruption and mismanagement in various sectors.

As the discussions progress, it remains to be seen how the implications of the audit report will unfold and what measures will be taken to enhance financial oversight within the NNPC and other governmental bodies. The former GMD's comments reflect a broader need for constructive dialogue on financial integrity in Nigeria's oil sector.