…Lawmakers demand GCEO, Ojulari appearance
The 10th Senate is demanding answers over ₦200 trillion in discrepancies found in the Nigerian National Petroleum Company Limited’s (NNPCL) legacy audit reports, insisting that its Group Chief Executive Officer, Bayo Ojulari, must appear in person before its Public Accounts Committee.
At stake are 11 audit queries in NNPCL’s financial statements- transactions that predate Ojulari’s appointment. Yet, today, the issue has become a potent symbol of Nigeria’s enduring struggle with transparency and accountability in its petroleum sector.
Ojulari, appointed recently, has yet to testify, citing the need for time to review inherited financial records. NNPCL previously sent a delegation in his place – an action lawmakers rejected during a live televised session, calling it a defiance of legislative authority.
“This Committee will not tolerate further disregard,” said Senator Aliyu Wadada, who chairs the committee. “Only the GCEO is competent to answer the queries”, he stated.
While the audit issues predate Ojulari’s tenure, senators argue that leadership must be accountable regardless of timing.
However, industry experts caution against rushing the process, noting that oversight should be based on informed testimony. Sources say Ojulari is prepared to appear once his internal review is complete.
Privately, other senators expressed concern about setting a precedent where new officeholders could indefinitely avoid scrutiny by citing a lack of briefing. Still, there is recognition – both inside and outside the Committee – that Ojulari is not shirking responsibility. He is neither the architect nor the executor of the transactions under probe.
Behind the scenes, NNPCL officials are reportedly appealing to both lawmakers and the public to recognise the unique circumstances surrounding Ojulari’s tenure.
The Senate is expected to issue a new hearing date soon, as debates continue over how best to balance urgent accountability with procedural fairness.
