No N210trn missing from NNPC accounts, ex-NAPIMS GM tells senate committee
Former NAPIMS official Bala Wunti testified that there is no evidence of N210 trillion missing from NNPC accounts. He clarified that the figure arose from a misinterpretation of accounting entries involving receivables and liabilities.
Why it matters
This clarification addresses significant public concern regarding government financial transparency and the integrity of national oil company accounts in Nigeria.
ABUJA – FORMER Group General Manager (GGM) of the National Petroleum Investment Management Services (NAPIMS), Bala Wunti, has disclosed that there was no evidence in the 2023 audited financial statements of the Nigerian National Petroleum Company (NNPC) Limited to support claims that N210 trillion went missing from the company’s accounts.
The article presents the official's testimony neutrally, focusing on the technical explanation provided to the Senate committee.
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