NNPC’s $210T ‘Missing’ Funds Debunked | Nigeria News

A massive rumor of 200 trillion naira missing from NNPC’s books was debunked by former NAPIMS head Alhaji Bala Wunti, who revealed it stems from a basic accounting misunderstanding—mixing receivables and accrued expenses doesn’t equal lost cash. He explained NNPC’s complex financial structure, managing national oil assets and energy security, requires separate books for commercial and government reporting. Wunti urged better coordination between NNPC, the Accountant-General, and Auditor-General to resolve confusion. Senate Chairman Ibrahim Dankwambo backed Wunti, confirming no evidence of missing funds and emphasizing transparency over rumor-mongering. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/68994b2b2471c639