As part of its ongoing investigation into the petroleum sector of the economy, the Senate Committee on Gas Resources, has mandated the Nigerian National Petroleum Corporation (NNPC) and its subsidiaries to submit their detailed audited accounts for the past three years, The Sun reports.
The committee blamed the Federal Government agencies for the worsening gas flaring in the country, saying their inability to enforce payment of stipulated penalties on erring International Oil Companies (IOCs), was mainly responsible for increased gas flaring.
“Give us the submission of the gas that you have flared and each of your operators involved. The quality of gas flared, the operators, the terminal and the related penalties paid,” the Chairman of the Committee, Senator Albert Akpan said. He also frowned at the 2016 budget of the Department of Petroleum Resources (DPR), saying the N3 billion only, earmarked by the agency for penalties for gas flaring, was grossly inadequate.