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Dr. Bala Wunti Defends NNPC Accounts, Dismisses ₦210 Trillion Missing Funds Allegation

Dr. Bala Wunti Defends NNPC Accounts, Dismisses ₦210 Trillion Missing Funds Allegation

Former NAPIMS Group General Manager Dr. Bala Wunti voluntarily appeared before the Senate committee probing NNPC Ltd.’s 2023 financial accounts without waiting for a formal invitation. He used the session to reject rumors of ₦210 trillion missing funds. Wunti explained that the figure arose from double-counting ₦107 trillion in receivables and ₦103 trillion in accrued liabilities. He also clarified that statutory incorporation fees paid to CAC and FIRS amounted to about ₦2.45 billion, not the reported ₦5.8 billion. Senate Committee Chairman Ibrahim Dankwambo confirmed that the panel found no evidence of missing funds. Wunti’s proactive transparency has been praised for reinforcing public trust in NNPC Ltd.

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K
kris

What do you think motivated Dr. Wunti to appear before the Senate committee without waiting for a formal invitation?

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M
mel

True, he wanted to shake things up and show he's in control before anyone could call his bluff.

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M
mary

It's interesting that he dismissed the ₦210 trillion allegation so quickly, but we haven't seen detailed breakdowns of those 2023 accounts yet.

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J
jude

Hmm, I get that concern, but quick conclusions no dey help. Audits fit still dey in progress.

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J
jaruma

I get the need to protect NNPC's image, but isn't brushing off ₦210 trillion as rumor a bit too dismissive without more evidence?

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J
jayjay

Make we wait for the official audit report before jumping conclusions, then we go analyze the numbers properly.

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