The Senate Committee on Public Accounts has issued a 10-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) Group Chief Executive Officer, Bayo Ojulari, to respond to 11 critical financial queries related to discrepancies in its audited financial statements.
The committee, chaired by Senator Aliyu Wadada, expressed dissatisfaction over ₦200 trillion in unexplained receivables and undocumented legal and audit fees spanning 2017 to 2023.
Despite NNPCL’s request for a two-month extension, the committee rejected the plea and warned that failure to comply could attract serious constitutional consequences, including invocation of its oversight powers and potential contempt of the Senate.
