NNPCL audit queries deadline has been fixed for April 29 by the Senate Committee on Public Accounts. The directive requires the Nigerian National Petroleum Company Limited to respond to ₦210tn in audit issues raised from its financial statements.
Lawmakers said the queries relate to unexplained figures spanning 2017 to 2023.
The Senate insisted on a detailed reconciliation of the records.
NNPCL audit queries deadline follows ongoing legislative scrutiny of the national oil company’s financial records.
The Senate has been reviewing audited statements covering a seven-year period.
The concerns involve large financial figures classified under liabilities and receivables.
These entries have raised questions about documentation and reconciliation processes.
The Public Accounts Committee is responsible for reviewing government financial reports.
It operates under constitutional oversight functions of the National Assembly.
NNPCL has undergone structural changes following reforms in the petroleum sector.
These reforms are tied to the Petroleum Industry Act, which transformed the company into a commercial entity.
NNPCL audit queries deadline was confirmed during a Senate Public Accounts Committee session in Abuja. The committee directed NNPCL to return with comprehensive responses by April 29.
The queries are linked to ₦210tn financial discrepancies identified in audited accounts covering 2017 to 2023. Lawmakers said the figures include unresolved liabilities and receivables requiring reconciliation.
They stressed that the company must provide supporting documentation for all entries. The committee also raised concerns about previous responses submitted by NNPCL. It noted that some explanations did not fully resolve issues flagged in the audit reports.
Officials of the company are expected to appear again after submission of written responses.
The Senate said the review will determine further legislative action.
The committee emphasized that the process is based on official audit documents.
It stated that the objective is to ensure transparency and accountability in public finance management.
NNPCL audit queries deadline reflects heightened scrutiny of public sector financial reporting.
It reinforces legislative oversight over revenue-generating government institutions.
The outcome of the review may influence confidence in financial reporting practices.
It also has implications for transparency in the oil and gas sector.
The process is part of broader efforts to strengthen accountability in public finance.
It aligns with ongoing reforms in Nigeria’s petroleum industry governance framework.
