Nigerian Senate Orders NNPCL to Refund Unaccounted ₦210 Trillion to Federation AccountThe Nigerian Senate has ordered the Nigerian National Petroleum Company Limited (NNPCL) to refund ₦210 trillion in unaccounted funds to the Federation Account, rejecting the company's explanations as contradictory and unsatisfactory. The directive came after a comprehensive investigation by the Senate Committee on Public Accounts, chaired by Senator Aliyu Wadada, which scrutinized NNPCL’s financial records from 2017 to 2023.The Senate's probe revealed ₦103 trillion recorded as accrued expenses and ₦107 trillion as receivables in NNPCL’s audited financial statements—figures that raised serious concerns among lawmakers. Senator Wadada questioned how NNPCL could claim to have spent ₦103 trillion on cash calls to Joint Venture partners in 2023 alone, when the company earned only ₦24 trillion in crude oil revenue between 2017 and 2022. Notably, the cash call mechanism was abolished in 2016.NNPCL's Group CEO, Bayo Ojulari, failed to appear before the Senate Committee to clarify these discrepancies, prompting the panel to reject the company's explanations outright. The committee warned that former officials of NNPCL and the National Petroleum Investment Management Services (NAPIMS) may be summoned if the current management cannot provide satisfactory answers.This landmark ruling underscores the Senate’s commitment to transparency, accountability, and proper management of Nigeria’s oil revenue. The order to refund the ₦210 trillion highlights increasing legislative oversight of the oil sector and ongoing efforts to curb financial malpractice.This article leverages targeted keywords such as "Nigerian Senate NNPCL refund," "₦210 trillion unaccounted funds," "Federation Account Nigeria," "Senate Committee on Public Accounts," and "Nigerian oil sector financial probe" to maximize search engine visibility. The headline is focused and informative, while the content is structured for clarity, authority, and relevance to readers interested in Nigerian governance and economic issues.If needed, support is available for further light enhancements or publication formatting.This concludes the light-standard news article based on the latest information.