Senate Demands Audited Accounts Of NNPC, DPR, Others

NNPCCC

The Senate Committee on Gas Resources has asked the Nigerian National Petroleum Corporation (NNPC) and its subsidiaries to submit their detailed audited accounts in the past three years.

Subsidiaries expected to submit their audited accounts include the Nigerian Petroleum Development Company (NPDC), Nigeria Liquefied Natural Gas (NLNG), Nigerian Petroleum Investment and Management Service (NAPIMS), among others.

The Committee also blamed NNPC and its agencies for the worsening gas flaring in the country, adding that their inability to enforce payment of stipulated penalties on erring international oil companies (OICs) was mainly responsible for increased gas flaring.

Chairman of the committee, Albert Akpan, who gave the directive, during the committee’s engagement with the agencies in Abuja on Wednesday, said the request was in line with the mandate of the committee in its ongoing investigation into the activities of the agencies.

Akpan, who picked holes in the activities of the agencies mandated that the accounts must be submitted as soon as possible to enable his committee meet its deadline given by the Senate.

He said the audited documents would afford the committee opportunity to know the joint venture funding and cost determination of the oil companies and government agencies.

He also tasked the agencies to present the data of the quality of gas flared by the oil companies in the past two years.

“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.”

He frowned at the 2016 budget of the DPR, saying the N3 billion earmarked by the agency on penalties for gas flaring was grossly inadequate.

On their part, the group general manager, NAPIMS/NNPC, Dafe Sajebor, and the Managing Director of NPDC, Sadler Mai-Bornu, assured that the organisations were working assiduously to end gas flaring in the country between 2018 and 2020.

About Faith Irabor 1042 Articles
Welcome on board!!! Faith Irabor is just like your everyday girl next door with strong survival instincts. Am an International Journalist, Events planner and Blogger whose media journey dates back to June 2002 as a TV presenter with the Nigerian Television Authority (NTA) Ile-Ife Osun State while I was having my National Diploma in Mass Communication. I left NTA in 2005 to pursue my B.SC in Mass Communication at the Olabisi Onabanjo University OOU Ago-Iwoye, Ogun State and finished in 2008 before joining one of Nigeria's best investigative Tabloids (National Enquirer Magazine & www.enquirermag.blogspot.com). I am very privileged to be trained by one of the industry's bests, my boss and mentor Mr. Tunde Moshood Jr, the former Editor of the defunct Fame Magazine, Publisher of National Enquirer and president Miss Global Nigeria who taught me everything I know in Journalism especially the investigative aspect which is the fulfilment of being a member of the Fourth Estate of Realm (as we journalists are usually officially addressed). My desire to take my journalism practice beyond the Newspaper & Magazine came from the passion I have derived over the years from investigative journalism as Online Media is the best platform to tell a story or news the very minute it’s at your disposal without wasting time. I promise to serve you nothing but exclusive and interesting news, interviews, events, articles from around the world and please feel free to email me on faith.irabor@faithirabor.com on spotted errors as well as ideas that would make me do better as there is no perfect being anywhere except God. Now scroll up, click on any of the stories and please drop your comment!!!!

Be the first to comment

Leave a Reply

Your email address will not be published.




All original content on these pages is fingerprinted and certified by Digiprove
Seo wordpress plugin by www.seowizard.org.