20-6-2025
Labour Party presidential candidate in the 2023 elections, Peter Obi, has lamented the recently disclosed N210 trillion in funds uncounted for by the Nigerian National Petroleum Company Limited (NNPCL).
The Senate Commitee on Public accounts raised the alarm Thursday, during a session with NNPCL officials. It was disclosed that N210 trillion remain missing in the audited accounts of the firm between 2017 and 2023. The amount covers almost 10 years of budget by the Federal government.
“It is with the utmost sadness that I once again reaffirm what I have consistently said: Nigeria has become a crime scene,” Obi wrote on his X social media page Friday.
“How else does one explain the recent revelation by the Senate, which uncovered the audited accounts of the NNPC from 2017 to 2023?
“The Senate uncovered ₦210 trillion in financial irregularities, ₦103 trillion in so-called “accrued expenses”, and another ₦107 trillion in unaccounted “receivables.” No documentation. No accountability. No consequences,” Obi lamented.