A report by the office of Nigeria’s Auditor-General has revealed that the Chief Financial Officer (CFO) of the Nigerian National Petroleum Company Limited (NNPC Ltd) approved a staggering N3.4 billion in payments without the required approval of the Group Managing Director (GMD).
The 808-page 2022 Auditor-General’s annual report published in August 2025 and recently submitted to the National Assembly as Nigeria’s Constitution provides revealed that the payments were made for various services without attaching relevant supporting documents, violating the Financial Regulations (FR) of 2009.
“The sum of N3,445,022, 107.40 (Three billion, four hundred and forty five million, twenty two thousand, one hundred and
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