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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