Nigeria's NNPC Scandal: Peter Obi Decries Lack of Accountability

Former presidential candidate Peter Obi has expressed deep concern over a recent revelation by the Senate regarding financial irregularities in the Nigerian National Petroleum Company (NNPC). According to Obi, the Senate's findings have confirmed his consistent claims that Nigeria has become a "crime scene."



The Senate uncovered ₦210 trillion in financial irregularities, ₦103 trillion in "accrued expenses," and ₦107 trillion in unaccounted "receivables" in the audited accounts of NNPC from 2017 to 2023. Obi lamented the lack of documentation, accountability, and consequences for such monumental corruption.


Obi highlighted that the total national budget for the period under review (2017-2023) was ₦88.010 trillion, broken down as follows:


- 2017: ₦7.440 trillion

- 2018: ₦9.120 trillion

- 2019: ₦8.916 trillion

- 2020: ₦9.974 trillion (initially approved at ₦10.590 trillion, revised due to COVID)

- 2021: ₦13.588 trillion

- 2022: ₦17.130 trillion

- 2023: ₦21.830 trillion


The financial discrepancies and irregularities reported are more than double the total national budget for the same period.

Obi stressed that this level of corruption is a grave threat to Nigeria's future and that it must be stopped and dismantled for a better Nigeria. He concluded that a new Nigeria is possible.


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