Financial Energy Review
The House of Representatives Committees on Petroleum Upstream, has given the Nigerian National Petroleum Corporation, (NNPC) two weeks ultimatum to appear and explain alleged irregularities in the corporation.
The Chairman of the committee, Rep. Sarki Ada (APC-Sokoto) issued the ultimatum during a public hearing, following the refusal of NNPC to honour invitations or reply letters.
“We have invited some oil companies; namely the NNPC, Addax Petroleum Company Ltd and Santex Nig Ltd, to appear before us and they have failed to do that.
“We are giving them two weeks from today. We will reschedule this meeting for two weeks calendar days, to appear before this committee and we continue our business.
“Unless if they want us to invite President Buhari to appear before us as the Minister of Petroleum, if they do not come, we will not hesitate.
“Buhari is a minister, he appointed himself and approved by the parliament and he is doing his job; we will invite him, and I know as the law-abiding president, he will come.
“When he comes, Nigeria should know that it is because of the failure of the NNPC to appear that made him to come and appear before us,”he said.
Ada said that the committee had asked for relevant documents to investigate the activities of the NNPC, and the corporation had refused to oblige the committee.
According to him, we have written three letters to them at an interval of three months each requesting for their budget, budget performance and list of assets they are holding and managing on behalf of Nigerians.
“We asked for a list of their liabilities, what are the contracts they are executing, who are the contractors, who are the companies and what is the progress made.
“We have asked for details of how much they generate from the sales of crude oil produce, how much do they manage on behalf of Nigeria through other joint ventures, until today, there is no response.
“Time has come that we must speak, this country belongs to all of us, we are here as statutory Nigerians,” he said.
The Minister of State for Petroleum, Mr Timipre Sylva, promised to deliver the message of the committee to the NNPC
