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Reps probe NNPC’s crude oil sales

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Reps probe NNPC’s crude oil sales

Dogara appoints Jibrin to investigate Abacha loot

 

The House of Representatives is to constitute an ad hoc committee to investigate the crude oil sales by the Nigerian National Petroleum Corporation (NNPC) from January 2018 to date as well as its other sources of fund for the same period.

 

The House took the decision after adopting a motion brought by Hon. Ossai Nicholas Ossai (PDP, Delta) on the urgent need to investigate NNPC’s current under-remittances to federation account.

 

Leading debate on the motion, Ossai noted that the monthly Federation Accounts Allocation Committee (FAAC) meeting, where representatives of the federal, states and local governments share fund that accrue to the federation account, could not hold for the month of June due to under-remittance of about N100 billion by NNPC.
He further noted that this is not the first time NNPC has failed to fully remit what is due to the Federal Government, hence slowing down the pace of government businesses across the country.

 

 

 

The lawmaker said he was aware that “this is coming when crude oil price has risen appreciably in international market above the budget benchmark, implying that the slow pace of government activities is not caused by poor revenue from oil, but likely as a result of some individuals not doing what they are supposed to do.”

 

He expressed concern that many less resource-endowed states and local governments, depend on these allocations for monthly payment of salaries and allowances of its workers, adding that it, therefore, means that many Nigerian workers will not be able to get their salary for the month of June 2018.

 

“Worried that if this is not properly investigated and addressed, NNPC will rise up in no distant month to declare no revenue from our nation’s oil and gas business under its care,” the lawmaker said.

 

Supporting the motion, Hon. Sergius Ogun (PDP, Edo) said it is public knowledge that the NNPC is not well managed. “Therefore, we should expand the scope of this investigation because the president (Buhari) is the Minister of Petroleum Resources,” he said.

 

Though supporting the motion, Hon. Aminu Shehu Shagari (APC, Sokoto) sought to know the state of similar investigations conducted on the NNPC by the House in the past.

 

“What happened to all the committees that we set up in the previous assemblies? If investigation you set up another committee today, will they have the guts to carry out the assignment without fear?” he queried.
Shagari, however, warned members of the ad hoc committee to be careful in the course of conducting the.

 

According to Hon. Nkem Uzoma-Abonta (PDP, Abia), we must do the needful. “We struggled to come out of recession, but we are yet to see the result. Why is it that most of the reports, once they are laid on the table, we don’t come back to look at it and compel implementation?” he asked.

 

Similarly, Hon. Ali Ahman-Pategi (APC, Kwara) observed that the motion was coming at a time the president was unable to resolve the disagreement between NNPC and the states.

 

He said the investigation was timely and should be allowed to take place.

 

The motion was unanimously passed when Speaker Yakubu Dogara put it to vote.

Meanwhile, the speaker has named former chairman of the House Committee on Appropriation, Hon. Abdulmumin Jibrin (APC, Kano) to head the ad hoc committee investigating the status of monies recovered from the family of former head of state, Gen. Sani Abacha.

 

It will be recalled that the House had, last week through a motion, resolved to ascertain all monies recovered so far from the family of the late dictator and how they have been utilised.

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  1. Pingback: Reps probe NNPC’s crude oil sales — New Telegraph - Naijaray Headline

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