Senate Public Accounts Committee on Wednesday berated the Nigerian National Petroleum Corporation for paying N443bn without the National Assembly’s appropriation.
The chairman of the committee, Senator Mathew Urhoghide, has summoned the management of the NNPC to explain the expenditure it made without budgetary provision.
The committee took the decision based on the 2016 report of the Auditor-General for the Federation, which is currently being scrutinised.
Meanwhile, the Senate panel also on Wednesday, summoned the Central Bank of Nigeria over the alleged disappearance of $9.5m being interest on the Investment Petroleum Profit Tax, Royalty and Foreign Excess Crude.
The invitation of the apex bank was based on the 2016 AuGF report which indicted the CBN of failing to present documents to support the investment for verification.
The accountant-general was unable to present any document on the issues raised by the committee.
He, however, told the lawmakers that his office had sent a letter to the CBN for clarification on the issue raised.
