Former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, appeared before the Senate on Tuesday. The hearing followed months of legal threats and unresolved audit queries involving over N210tn. Kyari arrived at Hearing Room 4 of the National Assembly with a delegation of oil company officials. He was summoned after lawmakers demanded his appearance to address allegations of financial irregularities.
Kyari denied claims that N5 billion was paid for the naming of the company. He stated that such suggestions were incorrect. The Senate panel had previously threatened to compel his appearance over unresolved audit issues. This testimony marks the first time Kyari has directly addressed the audit concerns.
The audit queries relate to financial discrepancies within the Nigerian National Petroleum Company Limited. The Senate has been investigating potential mismanagement and corruption. Kyari’s appearance comes amid ongoing scrutiny of the oil sector. The hearing is expected to provide clarity on the financial allegations.
This is not the first time Kyari has faced scrutiny. He was previously linked to controversies involving public funds. The Senate’s investigation into the NNPC has intensified in recent months. The outcome of the hearing could influence future regulatory actions. The testimony will be closely watched by lawmakers and industry stakeholders.
