The Senate has issued a 10-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) over its failure to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over ?210 trillion in its audited reports from 2017 to 2023.

Despite being summoned, no officials or external auditors from NNPCL showed up yesterday.

However, representatives from the representatives of the Economic and Financial Crimes Commission, Independent Corrupt Practices and Other Related Offences Commission and Department of State Services were present.

Angered by the NNPCL’s absence, the committee, yesterday, issued a 10-day ultimatum, demanding the company’s top executives to appear before the panel by July 10 or face constitutional sanctions.

A letter from NNPCL’s Chief Financial Officer, Dapo Segun, dated June 25, was read at the session.

It cited an ongoing management retreat and requested a two-month extension to prepare necessary documents and responses.

The letter partly read, “Having carefully reviewed your request, we hereby request your kind consideration to reschedule the engagement for a period of two months from now to enable us to collate the requested information and documentation.

“Furthermore, members of the Board and the senior management team of NNPC Limited are currently out of the office for a retreat, which makes it difficult to attend the rescheduled session on Thursday, 26th June, 2025.

“While appreciating the opportunity provided and the importance of this engagement, we reassure you of our commitment to the success of this exercise. Please accept the assurances of our highest regards.”

But lawmakers rejected the request.

The Committee Chairman, Senator Aliyu Wadada, said NNPCL was not expected to submit documents, but rather provide verbal responses to 11 key questions previously sent.

“For an institution like NNPCL to ask for two months to respond to questions from its own audited records is unacceptable,” Wadada stated.

“If they fail to show up by July 10, we will invoke our constitutional powers. The Nigerian people deserve answers,” he warned.

Other lawmakers echoed similar frustrations.

Senator Abdul Ningi (Bauchi Central) insisted that NNPCL’s Group CEO, Bayo Ojulari, must personally lead the delegation at the next hearing.

The Tide reports that Ojulari took over from Mele Kyari on April 2, 2025.

Senator Onyekachi Nwebonyi (Ebonyi North) said the two-month request suggested the company had no answers, but the committee would still grant a fair hearing by reconvening on July 10.

Senator Victor Umeh (Anambra Central) warned the NNPCL against undermining the Senate, saying, “If they fail to appear again, Nigerians will know the Senate is not a toothless bulldog.”

Last week, the Senate panel grilled Segun and other top executives over what they described as “mind-boggling” irregularities in NNPCL’s financial statements.

The Senate flagged ?103 trillion in accrued expenses, including ?600 billion in retention fees, legal, and auditing costs—without supporting documentation.

Also questioned was another ?103 trillion listed under receivables. Just before the hearing, NNPCL submitted a revised report contradicting the previously published figures, raising more concerns.

The committee has demanded detailed answers to 11 specific queries and warned that failure to comply could trigger legislative consequences.

The National Association of Nigerian Travel Agencies (NANTA) said over 17 million Nigerians travelled out between 2023 and 2024.

This is as the association announced that it would be organising a maiden edition of Eastern Travel Market 2025 in Uyo, Akwa Ibom State capital from 27th to 30th August, 2025.

Vice Chairman of NANTA, Eastern Zone, Hope Ehiogie, disclosed this during a news briefing in Port Harcourt.

Ehiogie explained that the event aims to bring together over 1,000 travel professionals to discuss the future of the industry in the nation and give visibility to airlines, hospitality firms, hospitals and institutions in the South-South and South-East, tagged Eastern Zone.

He stated that the 17 million number marks a significant increase in overseas travel and tours.

According to him, “Nigerian travel industry has seen significant growth, with 17 million people traveling out of the country in 2023”.

Ehiogie further said the potential of tourism and travel would bring in over $12 million into the nation’s economy by 2026, saying it would be a major spike in the sector, as 2024 recorded about $4 million.

“The potential of tourism and travel is that it can generate about $12 million for the nation’s economy by 2026. Last year it was $4 million.

“In the area of travels, over 17 million Nigerians traveled out of the country two years ago for different purposes. This included, health, religious purposes, visit, education and others,” Ehiogie said.

While highlighting the potential of Nigeria’s tourism, he said the hospitality industry in Nigeria has come of age, saying it is now second to none.

The Vice Chairman of NANTA, Eastern Zone further said, “We are not creating an enabling environment for business to thrive. We need to support the industry and provide the necessary infrastructure for growth.”

He said the country has a lot of tourism potential, especially as the government is now showing interest in and supporting the sector.

Ehiogie emphasized that NANTA has been working to support the industry with initiatives such as training schools and platforms for airlines and hotels to sell their products.

He added, “We now have about four to five training schools in the region, and within two years, the first set of students will graduate. We are helping airlines sell tickets and hotels sell their rooms.”

Also speaking, former Chairman of the Board of Trustees of NANTA, Stephen Isokariari of Dial Travels, called for more support from the industry.

Isokariari stated, “We need to work together to grow the industry and contribute to the nation’s Gross Domestic Product.

“With the right support and infrastructure, the Nigerian travel industry has the potential to make a significant contribution to the nation’s economy.”

President  Bola  Tinubu has restated the commitment of the Federal Government towards achieving sustainable electricity supply and industrialisation in Nigeria.

Tinubu gave the declaration  during the commissioning of the newly constructed  180 megawatts Afam 11 Power Plant located  in Afam, Oyigbo Local Government Area in Rivers State on Wednesday.

He said the completion of the project  within just 16 months was a key achievement in the power sector.

The President who addressed Nigerians virtually during the event, emphasized that the project, which is a landmark partnership between Crescendough Nigeria Limited (CNL) and Sahara Power Group,  underscored the tenacity of his administration to promote success in private sector partnership and development, adding that the feat will increase industrialisation and economic growth in the country.

The president commended the Rivers State Government, the contractors, Sahara Energies and Crescendough Nigeria Limited (CNL) for the successful delivery of the project on record time.

While urging stronger collaboration among stakeholders to achieve a more globally competitive Nigeria, Tinubu said achieving sustainable power supply remains an unwavering goal under his administration

The President described the project as a testament to the blossoming investment opportunities fostered by his administration’s well-structured policies, which prioritize national development and private sector participation.

He emphasized that the Afam II Plant will not only bolster Nigeria’s power generation capacity by adding 180MW to the national grid but also energize businesses, industries, healthcare facilities, and households, igniting hope for a brighter economic future.

“The completion of the Afam II Plant within just 16 months reinforces our capacity to overcome challenges through collaboration, tenacity, and unwavering commitment under the Renewed Hope Agenda,” President Tinubu stated. “Achieving stable power supply remains a top priority for this administration. I have directed the Honourable Minister of Power and all stakeholders in the power value chain to work collectively towards our declaration to light up Nigeria.”

“We solicit the support of all Nigerians as we implement reforms and strategies to transform the power sector. Our administration will continue to enforce policies that attract investments—both local and foreign—to achieve this critical goal,” he affirmed.

In his remarks, the Administrator of Rivers State, Vice Admiral Ibok-Ete Ibas (Rtd), hailed the project as a product of visionary leadership and private sector empowerment.

He noted that President Tinubu’s enabling policies have spurred bold investments across key sectors, including power, agriculture, oil and gas, education, and transportation.

“This power plant reflects the long-standing vision of successive Rivers State administrations to expand energy infrastructure beyond oil and gas, driving industrial growth,” Vice Admiral Ibas said. “Beyond boosting electricity supply, this project has created jobs and skills development opportunities for youths in Afam. I commend the host community for their cooperation, proving that peace and development go hand in hand,” he said.

The Minister of Power, Adebayo Adelabu, described the Afam II Plant as a commendable milestone showcasing the private sector’s pivotal role in enhancing power generation within a conducive business environment.

Similarly, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, applauded Rivers State’s sustained investments in energy infrastructure since 2011, culminating in the Afam II Plant’s success.

Speaking at the event, the  Group Managing Director of Sahara Power Group, Kola Adesina,  highlighted that the partnership reinforces Sahara’s position as Nigeria’s largest private-sector electricity provider, contributing 20% of the nation’s power supply and driving sustainable development.

He described the project as a celebration of collaboration, intentional strategic and sustainable partnership that make Nigeria an industrial hub.

He commended President Tinubu’s Renewed Hope Agenda, while also thanking the host communities for their support.

The Tide reports that the Afam II Power Plant stands as a beacon of progress, underscoring Nigeria’s resolve to achieving energy security, economic growth, and industrial transformation under the Renewed Hope Agenda.

Taneh Beemene