Nothing missing under my watch — Kyari finally faces Senate over alleged ₦210 trillion NNPC hole

Photo: Mele Kyari at the Senate hearing · Source: Punch (10 Nov 2026)

The former NNPCL boss told the Senate Public Accounts Committee the ₦210tn figure is an audit query about accounting entries — not missing money — after months of dodging its invitations.

Former NNPCL Group Chief Executive Officer Mele Kyari appeared before the Senate Committee on Public Accounts on Tuesday, months after the committee threatened to order his arrest for repeatedly failing to honour its invitations.

The Senate is investigating alleged discrepancies of over ₦210 trillion in NNPCL’s 2017–2023 audited accounts — ₦103 trillion in accrued expenses and ₦107 trillion in sundry receivables — following audit queries from the Office of the Auditor-General of the Federation.

Kyari, who led the company from 2019 to 2025, told the committee, chaired by Senator Ibrahim Dankwambo, that “nothing was lost” under his leadership: “It is simply not possible that such an amount could have been lost under my care and leadership. The matter relates to accounting entries, which have nothing to do with any financial loss.”

He also rejected the claim that ₦5 billion was spent renaming NNPC to NNPCL, saying the renaming was done by the National Assembly and no money was paid for it — the figure was an accounting entry of about ₦2.99 billion. He told the committee the company recorded a loss of about $803 billion in 2018, before he took office.

The committee discharged him pending its review of his submitted report, and said it would decide whether to invite him again. The ₦210 trillion figure is an audit-query figure Kyari disputes — it is not established missing money, and the committee has not yet made a determination.

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