The House of Representatives Public Accounts Committee will on Tuesday, October 6, 2026, question officials of the Nigerian National Petroleum Company Limited and the Independent National Electoral Commission over audit queries involving N802.19bn.
The figure comprises about N514bn linked to NNPCL in the Auditor-General for the Federation’s 2021 report and N288.19bn involving INEC in the 2022 report.
The committee, chaired by Bamidele Salam, representing Ede North/Ede South/Ejigbo/Egbedore Federal Constituency of Osun State, began the hearings on Monday, October 5.
Accounting officers and relevant officials from both agencies are expected to provide explanations and supporting documents on the transactions.
For NNPCL, the 2021 audit queried N343.64bn deducted from domestic crude oil sales for various operational costs, saying the company did not provide adequate details to substantiate the deductions.
The report also questioned N83.66bn in miscellaneous income from joint venture operations allegedly held in a CBN/NNPC sinking fund account instead of the Federation Account.
Another N82.95bn was queried over deductions for refinery rehabilitation without evidence of the required approvals, while N3.75bn was flagged over a reported shortfall from the sale of a Premium Motor Spirit cargo.
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The INEC queries largely concern transactions linked to the 2019 general elections.
The Auditor-General’s 2022 report questioned N5.31bn paid for Smart Card Readers without prior approval from the Bureau of Public Procurement.
INEC said presidential approval had been obtained and cited the urgency of the electoral preparations, but the Auditor-General said the response did not resolve the query.
Other INEC observations involve contractor payments, statutory deductions and advances, with the transactions dating largely to the tenure of former Chairman, Professor Mahmood Yakubu.
The latest hearing follows earlier scrutiny of NNPCL’s 2021 accounts. In December 2025, the committee summoned the company’s then Group Chief Executive Officer, Bayo Ojulari, over outstanding audit queries.
Other agencies scheduled for Tuesday’s proceedings include the National Mathematical Centre, National Power Training Centre, National Research Institute for Chemical Technology and the National Biotechnology Research and Development Agency.
The Code of Conduct Tribunal, Federal Capital Territory Judicial Service Commission, Federal Colleges of Education in Okene and Gombe, and the University Teaching Hospital, Ilorin, are among institutions scheduled for Monday’s session.
An audit query is not a finding of guilt. The affected agencies are entitled to respond and provide supporting evidence before the committee reaches its conclusions.