Chief Monetary Officer of the Nigerian Nationwide Petroleum Firm, Dapo Segun, has defined why the administration of the state-owned oil agency snubbed the Senate Committee on Public Accounts summons on Thursday over the corporate’s N210 trillion lacking funds in its audited monetary assertion spanning from 2017 to 2023.
Segun mentioned the administration of NNPCL was in a managerial retreat on Thursday.
The CFO’s rationalization was contained in a letter learn by the Chairman, Aliyu Wadada, on Thursday.
Within the letter from Segun, dated June 25, Segun requested a two-month extension to organize needed paperwork and responses.
“Having fastidiously reviewed your request, we hereby request your sort consideration to reschedule the engagement for a interval of two months from now to allow us to collate the requested data and documentation,” the assertion partly reads.
DAILY POST experiences that regardless of the summons by the Purple Chamber on Thursday, no officers or exterior auditors from NNPCL confirmed up.
Consequently, the committee issued a 10-day ultimatum, demanding that NNPCL prime executives seem earlier than the panel by July 10 or face constitutional sanctions.
The lawmakers additional rejected the request for a two-month extension by Segun.
Talking, the Chairman of the Senate Public Accounts Committee, Aliyu Wadada, mentioned it was unacceptable for an organization like NNPCL to request two months to answer questions from its personal audited statements.
“For an establishment like NNPCL to ask for 2 months to answer questions from its personal audited information is unacceptable,” Wadada said.
Recall that Wadada’s led Senate Committee revealed that N210 was lacking from NNPCL based on the state-owned oil agency’s audited statements.
Nonetheless, Segun had defined that calls have been requested by three way partnership (JV) companions and settlement to the JVs.
However Segun’s response on the N210 trillion lacking funds from NNPCL didn’t settle properly with the lawmakers, as Nigerians, together with Transparency Worldwide Nigeria, demanded an intensive probe.