₦airaland Forum

Bala Wunti Voluntarily Appears Before Senate, Debunks ₦210 Trillion Missing Funds Claim

The Core MessageDr. Bala Wunti chose accountability over silence. He did not run or hide behind legal technicalities. Instead, he stepped forward voluntarily to defend his unblemished track record and respect national institutions.

When ₦210T rumors hit the headlines, Dr. Bala… pic.twitter.com/Bgd9U6MKns

— Elelu Ayoola (@EleluAyoola) July 16, 2026

Former Group General Manager of the Nigerian Petroleum Investment Management Services (NAPIMS), Dr. Bala Wunti, on Thursday voluntarily presented himself before the Senate Committee investigating NNPC Ltd.’s 2023 financial accounts, appearing even before receiving a formal invitation.

In a departure from the common practice among many public officials — who often engage legal teams, delay proceedings, or avoid scrutiny altogether — Wunti chose to face the committee directly. He used the opportunity to clear the air and defend the integrity of the corporation’s records.

Addressing lawmakers, Wunti stated categorically that no ₦210 trillion was missing from NNPC Ltd.’s 2023 accounts. He explained that the controversial figure stemmed from a misunderstanding of accounting entries, specifically the erroneous addition of approximately ₦107 trillion in receivables (funds owed to NNPC) and ₦103 trillion in accrued liabilities (obligations owed by NNPC).

Wunti further clarified reports surrounding the incorporation cost of NNPC Ltd., noting that the reported ₦5.8 billion figure was inaccurate. According to him, actual statutory payments to the Corporate Affairs Commission (CAC) and Federal Inland Revenue Service (FIRS) amounted to about ₦2.45 billion, while the remaining figures represented internal accounting entries.

Senate Committee Chairman Sen. Ibrahim Dankwambo told the panel that members had not found any evidence of missing funds during their review. He added that the exercise was aimed at enhancing transparency and fostering a clearer public understanding of NNPC Ltd.’s audited financial statements.

Wunti’s proactive appearance has drawn attention for its emphasis on accountability at a time when public trust in institutions remains a key concern. The committee is expected to continue its oversight activities in the coming days.

See as politicians are wasting our money...
210 trillion yet 70 percent of the citizens are living in serious poverty...

wait so we ve graduated from millions and billions, its now trillions.

omo the way these people dey call these money ehnnnn you ll just start wondering, like how?

do you know how many hundreds of thousands thats in a trillion. omoooooo

The level of looting in this country hen, only God almighty can help. The moment you see them appearing and debunking, just know the matter get k-leg. They are already Pilling up trillions to bribe the electorates. Only God know how much they have looted using Nigeria Revenue service.

Jokers Republics
If u take this country seriously then u are not serious urself. or u are stealing with them

You have to be incredibly foolish to believe 210 trillion is missing. Is it 210 trillion bacteria or what? Where you wan see that kain money. It's like when a pastor said something like 1 billion people watched him live. Some things just don't make sense, but since it fits your bias, you're running with it like a sheep.

Sabadon:
wait so we ve graduated from millions and billions, its now trillions.

omo the way these people dey call these money ehnnnn you ll just start wondering, like how?

do you know how many hundreds of thousands thats in a trillion. omoooooo

Our Politicians left Billions long ago, they now steal in Trillions under this current government

Read how many billions of dollars NEITI is insisting that the NNPC has refused to remit to the purse of government and weep. NEITI is Nigerian Extractive Industry Transparency Initiative, a government owned agency. So if one agency of government is accusing the other of failing to remit as much as 26 billion dollars to the central purse, then there is more to it than meets the eyes.

How won't he rush to the Senate to deliver his well planned excuses to be exonerated after greasing their palms

Call for independent forensic Audit on the issue and hear them kick against it, telling you that NNPC is a sovereign entity in a sovereign nation

There's no way a government establishment under this APC can ever be implicated by the security agencies,na padi padi government we dey.

Bunch of united lootocrats in government



UNAM -IKOT

210 trillion is more than Nigeria’s annual budget for the past 3 years.

How’s it possible for such amount to be missing and can’t be traced?

Una think everyone na fool?

210 what? Billion or trillion? 😱Come on guy, this is a joke? 🤣Check again maybe it's a mistake 🥺

Unfortunately,those that are running with the falsehood will never accept the truth!

Nigeria get money oo oooooooooo

Since 20years ago, I already know that our politicians has started stealing billions.

From 2015, they started looting in Trillions........After 2027 elections, they d start stealing in Zillions...........I can never be shocked by the stealing ability of our public office holders. NEVER!!!



I wonder why some people of upthere still dey shock to hear 210Trillions being stolen.

One even said "How the NNPC officials wan take see that kind money to steal". .........hehehehe. shikini money

Dey play for there first!!!

Kemical23:
See as politicians are wasting our money...
210 trillion yet 70 percent of the citizens are living in serious poverty...

Do you know something about this issue we don't know?

Jossyman0007:
How won't he rush to the Senate to deliver his well planned excuses to be exonerated after greasing their palms

Call for independent forensic Audit on the issue and hear them kick against it, telling you that NNPC is a sovereign entity in a sovereign nation

There's no way a government establishment under this APC can ever be implicated by the security agencies,na padi padi government we dey.

Bunch of united lootocrats in government



UNAM -IKOT

So you believe say some NNPCL officials siphon #210 trillion?

Image123:
You have to be incredibly foolish to believe 210 trillion is missing. Is it 210 trillion bacteria or what? Where you wan see that kain money. It's like when a pastor said something like 1 billion people watched him live. Some things just don't make sense, but since it fits your bias, you're running with it like a sheep.

On this I agree with you totally

Kemical23:
See as politicians are wasting our money...
210 trillion yet 70 percent of the citizens are living in serious poverty...

So you actually believed such amount could be missing?

Perhaps you can you Google to sum all Nigerian budget for past ten years.

Using the approved Federal Government budgets for the last 10 fiscal years (2017–2026), the total is approximately:
Year
Federal Budget (₦ trillion)
2017
7.44
2018
9.12
2019
8.92
2020
10.59
2021
13.59
2022
17.13
2023
21.83
2024
28.78
2025
54.99
2026
68.32
Total (2017–2026): ≈ ₦240.7 trillion. �
Central Bank of Nigeria +2
A few observations:
The combined budget over the decade is about ₦241 trillion.

And do not forget these budgets were largely deficits, finance through borrowing.

So where would such amount be gotten to be stolen.

Learn to think before you accept anything

If you all like loot Zillions.... You'll all be accountable to the GRIM REAPER...!!! He'll surely come calling, funny enough the Zillions,Billions and trillions you stole will not and cannot save you....The GRIM REAPER can't be bribed....😂. Keep stealing....

Man lecturing your lawmakers like kindergarten pupil........
He came prepared
He wowed them
They forget their propaganda mission.
Mission aborted

Kemical23:
See as politicians are wasting our money...
210 trillion yet 70 percent of the citizens are living in serious poverty...

Are you numerally illiterate? Nigerias 2026 Q1 GDP is N110 trillion —now make it make sense how N210 Trillion will go missing?

PJ123:
So you actually believed such amount could be missing?

Perhaps you can you Google to sum all Nigerian budget for past ten years.

Using the approved Federal Government budgets for the last 10 fiscal years (2017–2026), the total is approximately:
Year
Federal Budget (₦ trillion)
2017
7.44
2018
9.12
2019
8.92
2020
10.59
2021
13.59
2022
17.13
2023
21.83
2024
28.78
2025
54.99
2026
68.32
Total (2017–2026): ≈ ₦240.7 trillion. �
Central Bank of Nigeria +2
A few observations:
The combined budget over the decade is about ₦241 trillion.

And do not forget these budgets were largely deficits, finance through borrowing.

So where would such amount be gotten to be stolen.

Learn to think before you accept anything

This is common sense but it appears some folks would rather swim in ignorance.

I'm surprised you are asking me this
If over 48 houses could be forfeited from Malami just an individual,then tell me how and why I shouldn't believe the missing funds in NNPCL as an establishment?

I'm very sure you are not even convinced about this question thrown to me.

Let's wait till Tinubu is kicked out then we'll get to witness the level of corruption perpetuated by APC.


UNAM -IKOT

Parachoko:
So you believe say some NNPCL officials siphon #210 trillion?

Sabadon:
wait so we ve graduated from millions and billions, its now trillions.

omo the way these people dey call these money ehnnnn you ll just start wondering, like how?

do you know how many hundreds of thousands thats in a trillion. omoooooo

If only you know how much in billions of dollars these guys are stealing, was writing here yesterday that we need to wake up, the way we now call trillions like say nah beans.
If you have anyone working on the big four especially in tax and audit ask them about Nigeria and you will weep.

The poverty in the land is not any devil but humans God created !

PJ123:
So you actually believed such amount could be missing?

Perhaps you can you Google to sum all Nigerian budget for past ten years.

Using the approved Federal Government budgets for the last 10 fiscal years (2017–2026), the total is approximately:
Year
Federal Budget (₦ trillion)
2017
7.44
2018
9.12
2019
8.92
2020
10.59
2021
13.59
2022
17.13
2023
21.83
2024
28.78
2025
54.99
2026
68.32
Total (2017–2026): ≈ ₦240.7 trillion. �
Central Bank of Nigeria +2
A few observations:
The combined budget over the decade is about ₦241 trillion.

And do not forget these budgets were largely deficits, finance through borrowing.

So where would such amount be gotten to be stolen.

Learn to think before you accept anything

Sorry, but you know nothing about Nigeria.

Josepholome:
Bala Wunti Voluntarily Appears Before Senate, Debunks ₦210 Trillion Missing Funds Claim

Sen. Adams Aliyu Oshiomole, should be called to substantiate the claims he made, before this matter came up.
Oshiomole, isn't a dunce, and couldn't have made those kind of claims, if he has no facts backing him up.
Honestly, the way these leaders are running this country, it's only God, that can see us through.
Akpabio has a case with over #130bn, with the EFCC, amongst the most corrupt governors, Nuhu Ribadu, the former EFCC chairman, mentioned before, are those at the head of government I'm Nigeria, how do you think we can overcome corruption in this country?

Adams Oshiomole is just being politically sensational. N210trn cannot be missing in NNPCL's annual financial statement. Combining receivables and payables and declaring it missing funds is the height of mischief. These statements were prepared and reviewed by reputable auditors such as KPMG and there is no way that such an amount will not be spotted if unaccounted. Adams and the committee will end up embarrassing itself.

honeyB2018:
Sen. Adams Aliyu Oshiomole, should be called to substantiate the claims he made, before this matter came up.
Oshiomole, isn't a dunce, and couldn't have made those kind of claims, if he has no facts backing him up.
Honestly, the way these leaders are running this country, it's only God, that can see us through.
Akpabio has a case with over #130bn, with the EFCC, amongst the most corrupt governors, Nuhu Ribadu, the former EFCC chairman, mentioned before, are those at the head of government I'm Nigeria, how do you think we can overcome corruption in this country?