{"id":14357,"date":"2026-11-10T16:45:49","date_gmt":"2026-11-10T16:45:49","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/10\/nothing-missing-under-my-watch-kyari-tells-senate\/"},"modified":"2026-11-10T16:45:49","modified_gmt":"2026-11-10T16:45:49","slug":"nothing-missing-under-my-watch-kyari-tells-senate","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/10\/nothing-missing-under-my-watch-kyari-tells-senate\/","title":{"rendered":"Nothing missing under my watch, Kyari tells Senate"},"content":{"rendered":"
\"Nothing<\/p>\n

As panel reviews submissions on alleged N210trn discrepancies<\/strong><\/p>\n

By Henry Umoru<\/strong><\/p>\n

ABUJA \u2014 Former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has denied allegations that N210 trillion was unaccounted for in the company\u2019s financial records, saying the figures cited in the 2017\u20132023 audit report relate to accounting entries rather than financial losses.<\/p>\n

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Kyari made the clarification on Tuesday when he appeared before the Senate Committee on Public Accounts, chaired by Senator Ibrahim Dankwambo (PDP, Gombe North).<\/p>\n

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The former NNPCL chief executive, who led the company from 2019 to 2025, insisted that no money was missing under his leadership.<\/p>\n

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\u201cI wish to confirm that nothing was lost. It is simply not possible that such an amount could have been lost under my care and leadership.<\/p>\n

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\u201cThe matter relates to accounting entries, which have nothing to do with any financial loss.<\/p>\n

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\u201cThey are bookkeeping issues, and I believe the appropriate explanations have been provided in my report,\u201d he said.<\/p>\n

Kyari also disputed claims that N5 billion was spent on changing the name of the Nigerian National Petroleum Corporation (NNPC) to NNPCL, saying no such expenditure was incurred under his watch.<\/p>\n

\n

However, he addressed queries in the audit report concerning the registration and incorporation of NNPC Limited.<\/p>\n

He explained that the Federation was responsible for the incorporation payment because the company was not owned by the Federation in the same manner at the time.<\/p>\n

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According to him, NNPC made the payment on behalf of the Federation and subsequently charged it to the Federation\u2019s revenue through what was then known as the former NAPIMS account.<\/p>\n

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Kyari put the amount at approximately N2.99 billion, saying it was paid to government institutions responsible for providing the relevant services.<\/p>\n

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He added: \u201cI have also seen comments suggesting that N5 billion was paid for the naming of the company. That is not correct.\u201d<\/p>\n

The former NNPCL boss also defended the company\u2019s financial performance under his leadership, claiming that it was transformed from a loss-making entity into a profitable organisation.<\/p>\n

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He said the company recorded a loss of about $803 billion in the 2018 operational year, before he assumed office as Group Managing Director in 2019.<\/p>\n

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Kyari told the committee that efforts were subsequently made to improve the company\u2019s performance, resulting in what he described as sustained profits for the first time in its 44-year history.<\/p>\n

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In his response, Dankwambo said the committee would examine the documents and explanations submitted by Kyari before deciding whether to invite him again.<\/p>\n

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\u201cWe shall interrogate the figures submitted by the former GMD to know whether to invite him again or not.<\/p>\n

\u201cFor now, he has responded to the two issues relating to his leadership of NNPC during the period under review,\u201d the senator said.<\/p>\n

The post Nothing missing under my watch, Kyari tells Senate<\/a> appeared first on Vanguard News<\/a>.<\/p>\n<\/div>\n

Source: <\/p>\n

Vanguard News<\/div>\n","protected":false},"excerpt":{"rendered":"

As panel reviews submissions on alleged N210trn discrepancies By Henry Umoru ABUJA \u2014 Former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has denied… <\/p>\n","protected":false},"author":1,"featured_media":14358,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-14357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/14357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=14357"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/14357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/14358"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=14357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=14357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=14357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}