Audit Reports: Reps panel vows to make NNPC, oil marketers account for ₦432bn debt

The Public Accounts Committee (PAC) of the House of Representatives has vowed to ensure that the Nigerian National Petroleum Company Limited (NNPCL) and other petroleum companies indicted in the 2023 and 2024 Auditor-General’s Report account for the N432 billion allegedly owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

He reaffirmed the committee’s commitment to exercising its constitutional oversight mandate by ensuring that public revenue is properly accounted for and that government agencies take appropriate steps to recover outstanding liabilities.“Chairman of the Committee, Representative Bamidele Salam, said the Committee would ensure that all relevant entities account for their obligations and provide the necessary records to enable Parliament to establish the circumstances surrounding the outstanding debts.