Senate committee faults Ojulari over ₦210trn discrepancies
Members of the Nigerian Senate Committee on Public Accounts have expressed dissatisfaction with the explanation provided by Bashir Bayo Ojulari regarding alleged discrepancies amounting to ₦210 trillion in the financial records of the Nigerian National Petroleum Company Limited. The lawmakers said the response presented during a recent session failed to adequately address concerns raised during the committee’s review.
During the oversight meeting, members of the committee questioned the figures contained in the financial statements and demanded a clearer breakdown of transactions linked to the alleged discrepancies. The lawmakers maintained that transparency in the management of public resources remains critical, particularly in the oil and gas sector which is central to Nigeria’s economy.
Committee members noted that the explanation offered by Ojulari did not sufficiently clarify the inconsistencies identified in the records. They insisted that further documentation and detailed clarification must be provided to ensure proper accountability. The committee also emphasized that its investigation is aimed at protecting public funds and strengthening financial oversight of government-owned enterprises.
The development has attracted significant public attention across Nigeria, as concerns over transparency in the petroleum sector continue to dominate national discourse. Analysts say the outcome of the Senate’s inquiry could influence reforms in financial reporting and governance within state-owned energy institutions.
The Senate committee reaffirmed its commitment to continue the probe until all questions surrounding the alleged discrepancies are fully addressed. Lawmakers stressed that the process is part of broader efforts by the National Assembly to ensure accountability and proper management of national resources.
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