Friday, May 20, 2022
HomeEconomyReps summons 17 NNPC subsidiaries over audit queries

Reps summons 17 NNPC subsidiaries over audit queries

The House of Representatives’ Committee on Public Accounts has written to the Group Managing Director of the Nigerian National Petroleum Company Limited, Mr Mele Kyari, over audit queries issued against the NNPC and its subsidiaries.

The committee, which had accused the NNPC of shielding its 17 subsidiaries in the effort to get them to respond to the queries on their expenses from 2014 to 2019, has now asked the GMD of the NNPC to produce their heads at specific dates.

The Chairman of the committee, Oluwole Oke, issued the summons in a letter to Kyari, dated March 16, 2022, and titled, ‘Consideration of the Auditor General for the Federation’s Annual Report on Federation Account 2014-2019 Financial Year and Non-Rendition of Audited Account by the NNPC Subsidiaries Covering the Period 2014-2019 to the Auditor General Office.’

The letter reads in part, “Pursuant to section 85, 88 and 89 of the 1999 Constitution as amended and Order XX Rule 6 of the House of Representatives Standing Order, I write to, again, request you to provide all the managing directors of the following 17 NNPC subsidiaries with their accounting officers to appear before the committee and answer all issues raised against them in the above subject matter.

The subsidiaries include the Nigerian Petroleum Development Company Limited, Kaduna Refining and Petrochemical Company Limited, Pipeline and Products Marketing Company Limited, Duke Oil Company Inc, West Africa Gas Limited, and Nidas Marine Limited, which are to appear on Wednesday, March 23, 2022.

Also, Hyson (Nigeria) Limited, Nigeria Gas Company, National Engineering and Technical Company, National Petroleum Exchange, NNPC Pensions Limited, and Warri Refining and Petrochemical Company are to appear on Thursday, March 24, 2022.

Those to appear on Friday, March 25, are Port Harcourt Refining Company, the NNPC Retail Limited, Integrated Data Service Limited, National Petroleum Investment & Management Services, and Petroleum Products Pricing Regulatory Agency.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

FOLLOW US:

6,985FansLike
1,458FollowersFollow
553SubscribersSubscribe

Most Popular