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Senate accuses NNPCL of contempt over N210trillion audit queries

The committee chairman, Sen. Wadada, emphasised that the NNPCL probe is a constitutional obligation not a political vendetta. The Senate, through its Public Accounts Committee (PAC), has clarified that the ₦210 trillion financial query raised against the Nigerian National Petroleum Company Limited (NNPCL) in federal audit reports covering 2017 to 2023 does not imply theft, but rather an unaccounted sum that the national oil company must explain. This clarification was issued during a high-stakes investigative...

Senate mulls arrest warrants as NNPCL auditors shun summons

The committee warned that if the auditors fail to appear by the newly set deadline, Tuesday, May 27, 2025, at 2:00 PM, the senate will be compelled to exercise its constitutional powers to issue warrants of arrest. The senate has once again issued a stern warning over what it calls a “recurring pattern of disregard” for legislative oversight, threatening to invoke its constitutional powers to issue arrest warrants against external auditors of the Nigerian National...

OML 18: Senate orders probe into oil spill, fire outbreak

OML 18 has a production capacity of over 50,000 barrels of oil per day (bpd). It also has significant gas reserves, contributing to Nigeria’s domestic gas supply and export markets. The senate has called on the National Oil Spill Detection and Response Agency (NOSDRA) to immediately investigate the cause of the fire outbreak and oil spill from Manifold Well 8/ BUG 008 in Oil Mining Lease (OML) 18, Bukuma (Agum) in Rivers State. This is...

NNPCL claims transparency champion, remits N10 trn in 2024

The national assembly also increased the NPA’s target to N1.75 trillion, citing untapped opportunities across its 56 revenue streams. The Nigerian National Petroleum Company Limited (NNPCL) has declared itself the only company in Nigeria that publishes 100 percent of its account statements annually. The Group CEO, Mele Kyari, who revealed this on Wednesday while presenting the company’s budget defence at the national assembly, stressed that they remitted N10 trillion to the federation account by September...

NASS to probe partnership, joint venture deals by NNPCL, NLNG, Immigration

While some agencies have defended their partnership agreements as necessary for attracting investment, the national assembly says the country is being cheated.   Nigeria has long grappled with the challenge of revenue mobilisation, a critical factor for achieving fiscal sustainability. Reports have it that critical agencies such as the Nigerian National Petroleum Company Limited (NNPCL), Nigerian Liquefied Natural Gas (NLNG), and Nigerian Immigration Services (NIS) engage in Public-Private-Partnerships (PPPs) and Joint Venture Agreements (JVAs) that disproportionately...

Allow independent marketers to lift fuel, Reps tell NNPCL, Dangote Refinery 

The House of Representatives has called on government to direct NNPCL to allow Independent Marketers access to Dangote refinery  The House of Representatives has called on the Federal Government to direct the Nigerian National Petroleum Corporation Limited (NNPCL) and Dangote Refinery to allow independent marketers to lift Premium Motor Spirit (PMS) from the newly operational Dangote Refinery. It also mandated the NNPCL to reveal the price it sells crude oil to Dangote refinery and Dangote...

Senate warns NNPCL, FIRS, Police, others for ignoring audit queries

Heads of NNPCL, FIRS, Police and 12 others agencies have been warned by the senate over refusal to respond to queries raised against them in the 2019 audit report The Senate, through its Public Accounts Committee (PAC), has expressed strong disapproval of the incessant refusal several government agencies, including the Nigerian National Petroleum Company Limited (NNPCL), the Federal Inland Revenue Service (FIRS), and the Nigeria Police Force, to respond to audit queries.  The committee’s chairman,...

Reps name new committee to probe petroleum industry

The House of Representatives has announced new committee members to investigate economic sabotage within the petroleum sector The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has appointed Rep. Julius Ihonvbere (APC Edo), the majority leader of the House, and six other members to the joint Senate/House committee tasked with investigating alleged economic sabotage within Nigeria’s petroleum industry. The appointment was announced in a statement released on Friday by the House’s Spokesperson, Rep. Akin...

Reps sacks ad-hoc Committee investigating NNPCL

With lawmakers splitting into various groups and factions over NNPCL and NMDPRA investigation, the House decision to disband the ad-hoc committee may not be unconnected to the controversies surrounding the probe The House of Representatives has announced the dissolution of the current ad-hoc joint downstream and midstream committee. A groups of members of House of Representatives under the aegis of ‘1 Agenda’ had published a support for the Group Chief Executive Officer (GCEO) of the...

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