Nigeria’s National Assembly has launched twin investigations into massive financial irregularities, with the Senate targeting NNPC’s N210 trillion audit discrepancies and the House probing N50 billion police corruption allegations – marking one of the most aggressive accountability pushes in recent legislative history.
The Senate Public Accounts Committee issued a blistering 10-day ultimatum to NNPC’s Group Managing Director to personally appear by July 10 and explain what lawmakers called “potentially the most alarming financial irregularities in Nigeria’s petroleum history.” The demand follows NNPC’s rejected request for a two-month response window to 11 audit queries.
Committee Chairman Aliyu Wadada (SDP, Nasarwa West) delivered a scathing indictment: “For a corporate body like NNPC to ask for two months to respond to queries that originated from its own books is not only irresponsible but suspicious.”
Vice Chairman Peter Nwaebonyi was equally blunt, saying: “This two-month delay request tells us one thing: NNPC doesn’t have answers.”
Simultaneously, the House of Representatives initiated a sweeping probe into Nigeria Police Force’s alleged financial malfeasance, including illegal sale of strategic barracks (Garki, Falomo, Bompai) to private entities, N6 billion uniform contract split into 66 deals to bypass procurement laws and N2.9 billion Safe School Initiative funds diverted to uncertified firm.
Lawmaker Ibe Osunwa warned of “systemic rot,” while colleague Mark Esset declared: “This is not just a breach of financial procedures; it is a direct sabotage of our national security architecture.”
With NNPC controlling Nigeria’s oil wealth and police integrity at stake, these parallel investigations represent a constitutional crisis moment.
Leave a comment