House Ad hoc C’ttee re-invites NNPC, others over missing oil revenue

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Following their “unconvincing” response at the initial stage of inquiry, the House of Representatives Ad-hoc Committee which is probing the N17 billion missing crude oil and gas revenues said it’s ready to re-invite key agencies including the Nigerian National Petroleum Corporation (NNPC)  and the Department of Petroleum Resources (DPR) to a resumed public hearing, ThisDay reports.

About 76 organisations, including International Oil Companies have pending queries relating to oil export between 2011 and 2014. Chairman of the ad-hoc committee, Hon. Abdulrazak Namdas, said that about 50 oil companies had so far provided unsatisfactory answers to the  issues raised while others had shunned the hearing – pleading prejudice – which the committee had repeatedly overruled.

He said a review of the response level of invited agencies and IOCs had been questionable and require that they showed up again at the hearing- unfailingly to give evidence on the issue as it relates to them. Specifically, agencies and companies which had not yet honoured the committee invitations could force the committee into wielding the big stick in the coming days.