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Trouble for NNPC boss Kachalla Baru as reps summons him, Ibe Kachikwu, others

- The minister of finance, Zainab Ahmed, and minster of state for petroleum, Ibe Kachikwu, have been summoned to appear before a House of Representatives joint committee

- They were asked to come and explain their roles in an alleged unbudgeted funds being paid as fuel subsidy

- The House recently summoned the group managing director of NNPC, Maikanti Baru, over alleged missing N91 trillion oil revenue

House of Representatives joint committee on Thursday, December 13, has ordered minister of finance, Zainab Ahmed, and the minister of state for petroleum resources, Emmanuel Ibe Kachikwu, to appear before the lower chamber and disclose their roles in an alleged unbudgeted funds being paid as fuel subsidy.

Others who are summoned by House are the group managing director of the Nigeria National Petroleum Corporation, Maikanti Kachalla Baru, and heads of the Department of Petroleum Resources, Petroleum Products Pricing Regulatory Agency and the Petroleum Equalisation Fund.

The joint committee was a combination of the committees on finance and petroleum (downstream) chaired by Babangida Ibrahim (Katsina, APC) and Joseph Akinlaja (Ondo, PDP) respectively.

READ ALSO: Ohanaeze, Afenifere declare support for move to return to parliamentary govt

The resolution of the committee to summon the stakeholders was due to the failure of the government officials to appear before it at yesterday’s sitting despite several invitations extended to them.

It was learnt that the committee is acting by the mandate of the House to investigate allegations of subsidy payments despite claims by government that it is no longer paying petroleum subsidy. There were allegations that billions of naira is still being paid as subsidy with proper budgetary approvals.

Ibrahim said there are documented evidence that the landing cost of petroleum products is far above the government approved N145 a liter, saying the task before the committee is to know who is paying for the differential.

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He asked: ”The mandate given to this joint committee on finance and petroleum (downstream) by the House is to invite the minister of state for petroleum and finance minister; the GMD of NNPC as well as ES of PPPRA, and urge the executive arm to make provision for subsidy payment in the 2019 budget.

“Unfortunately, the heads of the relevant MDAs are not here, and they are very central to our mandate. So what do we do now as a committee for us to carry out our assignment?”

Meanwhile, Legit.ng had reported that the House of Representatives committee on petroleum (downstream) summoned the group managing director of NNPC, Maikanti Baru, over alleged missing N91 trillion oil revenue.

Alongside Baru, the managing directors of Alkhairi Oil Plus Energy Limited, Ibrahim Bature and Mahat Petroleum/Gas Limited, Friday Olelewe, are to appear for cross-questioning on a date not yet fixed, The Nation reports.

The committee chairman, Joseph Akinlaja (ZLP, Ondo), who announced the summon in Abuja said that those summoned have to explain their role in the alleged backhand lifting of 80 trillion metric tonnes of crude oil since June, 2016, which has resulted in the loss of more than N91 trillion revenue.

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Source: Legit.ng



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