Post by Augustine Chiagozie (@pabloexchange)

🇳🇬 NNPC's N210trn figure explained in Senate testimony

NNPC's Group Chief Financial Officer, Bala Wunti, appeared before the Senate to clarify the widely circulated claim that N210 trillion was "missing" from the national oil company's accounts.

Wunti told senators the figure relates to accounting entries — not missing funds — and called for greater financial literacy in how NNPC's books are publicly interpreted. He urged a more transparent framework for scrutinising the corporation's finances.

The N210 trillion figure had sparked significant public concern and legislative attention, making the clarification a key moment in ongoing oversight of Nigeria's state oil company.

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