Mele Kyari denies ₦210 trillion went missing at NNPC under his watch

Former Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has denied that ₦210 trillion went unaccounted for while he led the company.
What happened
Kyari appeared before the Senate Committee on Public Accounts, which is examining queries raised by the Auditor-General of the Federation over NNPCL's audited financial statements for 2017 to 2023, according to reports on Tuesday, 10 November 2026. The disputed figure is made up of ₦103 trillion recorded as accrued expenses and ₦107 trillion listed as sundry receivables. Kyari told the committee that no money was lost under his watch and that the figures arose from a misreading of the company's records.
The committee's position
The committee began examining the figures in June 2025 and has repeatedly rejected the company's explanations, insisting that NNPCL properly account for the entries.
Background
Kyari led NNPC from 2019 until 2025, overseeing its conversion into a limited liability company under the Petroleum Industry Act.
- Kyari says no money was lost under his watch.
- The disputed sum is about ₦210 trillion.
- The Senate committee has rejected earlier explanations.