Dirty Deals Rock NNPC As Senate Probes Over 5 Trillion Naira Subsidy Payments

Dirty Deals Rock NNPC As Senate Probes Over 5 Trillion Naira Subsidy Payments

By Fidelis Yughur

The National Assembly  through its committee on Downstream Petroleum sector headed by  Senator Kabir Marafa (Zamfara Central) as part of the investigation process, has organised a 2 day Public  Hearing to gather memoranda from privileged, knowledgeable and reputable sources to enable it uncover the alleged dirty deals enmeshed  in the Nigerian National Petroleum Commission, NNPC, and over the years to dupe the country of the staggering sum of over 5 trillion naira within the period of 2006 to 2016.This followed a resolution and renewed vigour of the National Assembly to unearth the causes of the perennial fuel scarcity being experienced across the country has directed the committee on downstream petroleum sector to investigate the root causes of fuel scarcity across the country ,so as to bring lasting solution and bring the perpetrators to book.

At the first instance, when the report was presented on the floor of the Senate, Senators condemned and threw out the report on the grounds that it had no substantial evidence to portray the real issues leading to fuel crises across the country and ordered the committee to go back and do a thorough job that will not only provide lasting solution to fuel scarcity but will fish out the lapses erroneously or deliberately employed in the course of the distribution of the product. During its deliberations, Senate wondered whether the issue of fuel subsidy payments is still being embarked upon by government and at what proportion. To this end, the downstream petroleum sector has organised a public hearing to critically examine the mandates and operations of NNPC and other allied agencies and organisations and have invited the general public as well to furnish them with necessary and relevant information in relation to subsidy payments and particularly  why payments must be made and where the failure is coming from leading to fuel crisis. Critically, the public hearing and indeed the investigation, according to the chairman, is to know the average local consumption/demand of Premium Motor Spirit, PMS and National Household Kerosene, HHK, and the body responsible for its determination as well as the comparison of the volumes of supply given to the committee by the Petroleum Products Pricing Regulatory Committee, PPPRA, whether the products actually came into Nigeria, and whether Nigerians consumed the alleged volumes.

”For the purpose of this public hearing, we are going to look at the volumes imported and refined during the period under review and then determine how much Nigeria needed to have paid as subsidy, if there was any.”  The committee said NNPC is the custodian of petroleum resources on behalf of Nigeria and Nigerians, and should be the one accountable for its operational defects in all ramifications. “The NNPC is the custodian of petroleum resources for and on behalf of Nigerians. The corporation is responsible for 51-100 percent of Nigeria’s imported petroleum products. It also receives on behalf of Nigerians, a daily allocation of 445,000 barrels of crude oil for domestic use, But despite the allocation, NNPC has collected a whopping sum of over 5 trillion naira for both imported and locally refined petroleum products from 2006-2016. It is therefore essential, that Nigerians begin to understand the downstream operations of the NNPC; and as called upon today as far as this hearing is concerned, it is to properly account and provide clarity on the management of our 445,000 barrels and the volumes of petroleum products said to be imported into Nigeria and the subsidy paid on this volumes.”

The committee therefore has invited NNPC’s past and present executives as well as past and present CEOs, CFOs, heads of operations and planning, and where relevant,desk management officers responsible for the purchasing, financing, transportation, quality and certification of products sold to Nigeria, and the general public to furnish it with any useful information to enable the committee do a thorough job.

The committee, apart from NNPC, has invited and would like to draw on the expertise of NNPC downstream counterpart and all service providers, both Nigerian and international for the years in question. The committee said it would interact with bona fide end users, established and globally recognised large volumes products trading companies, indigenous companies engaged in Nigeria oil and gas with trading of petroleum products expertise. The committee is also billed to liaise with product trading brokers, inspection companies, shipping companies and ship brokers. It will also surf information from ship’s tracking agencies, terminals and tank farm operators as well as independent providers of energy information and benchmark prices. This includes leading providers of global background investigative services. The committee chairman, Senator Kabir Marafa, has maintained the position of the committee to deal decisively with anybody found to have indulged in these acts of sabotage against Nigeria after making it abundantly clear to Nigerians who is responsible for such acts at the end of the public hearing. “The fuel shortage that Nigeria has experienced over the years and the misery endured by our citizenry cannot be over looked considering the huge sum of funds put in so far to avert it. This investigation is not a witch hunting excise but it is aimed at putting the sector on proper footing. We must try to tighten the nuts at the loose ends of the entire downstream value chain to check waste of our meager resources by closing up all leakages and slippages.”

The public hearing under this 8th National Assembly was not business as usual as the committee frowned at the absence of some Chief Executives, who would rather send in representatives. The Chairman stressed that any representative below the rank of Deputy Director responsible for subsidy payments should not be entertained to present any position on the matter as it is assumed such a person on that rank is not to be the main authority in that regard.

The chairman said for any person to dodge appearance before the committee, such a person will face the penalties accordingly. However, Nigerians are still expressing doubts over the sanctity of this mission embarked upon by the committee. Some are saying that the National Assembly has been conducting probes and counter probes over the years especially in this committee for downstream petroleum sector without indicting or penalising offenders for such acts of sabotage. Nigerians are really perturbed as to whether this probe will yield any positive results as they say it might be business as usual, and particularly where deliberate efforts will be made to frustrate the move to nail the actors in the oil industry. But others are saying that with the posture of the current administration to do away with corruption and the body language of the 8th National Assembly as well as the pedigree of the persons handling that committee, the outcome will be implemented accordingly.

 

Nigerian Online Newspaper=


follow us on twitter @aljazirahnewsng
Like us on Facebook @aljazirahnewsng

Share This:

Related Posts

Parents Of Abducted Dapchi Schoolgirls To Join BBOG Campaign Parents of schoolgirls recently abducted in Dapchi town of Yobe State plan to join the Bring Back Our Girls movement that gained global prominence in a bid to win freedom for their girls. This was revealed by one of the  Dapchi village leader said on Friday By Chidozie Ogbonnaya The dreaded Islami...
Anxiety As Armed Cultists Takeover A’Ibom Communities INIOBONG SUNDAY, Uyo   For the people of Etim Ekpo and Ukanafun Local Government Areas of Akwa Ibom State, life has become meaningless in strange places they have relocated following siege in their communities by armed hoodlums suspected to be cultists. For over two years, residents in the troubl...
Father Tries To Kill Self After Convicted Of Sexually Abusin... A dad in Leicester, United Kingdom slashed his throat with a razor blade in a dock after he was convicted of sexually abusing his six-year-old daughter. Custody officers at Leicester Crown Court grappled the man to the ground, to stop him killing himself, as his ex-partner, angrily shouted at him...
Benue To Host First African Food Festival In Nigeria By Abraham Uwuasom, Makurdi Benue State under the leadership of Governor Samuel Ortom is billed to host the first African Food Festival in Nigeria. The disclosure was made during a courtesy call on the Governor by organisers of the African Food Festival led by Ambassador David Ibrahim. Gove...
INEC will cancel election in any troublesome ward – REC The Independent National Electoral Commission (INEC) says it will cancel elections in wards with irregularities. Prof. Francis Ezeonu, the INEC Resident Electoral Commissioner (REC) in Imo, said elections in areas where ballot boxes were seized or where voting was marred by any violence would be ...
ROHEF Visits Prison, Decries Overcrowding Of Inmates By Amina Isah, Abuja On a bright and sunny Saturday, February 17, 2018 a group of philanthropists led by the CEO Ray of Hope Empowerment Foundation visited the Suleja Prison, Niger State on an outreach to hundreds of prisoners. Mrs Christybelle Sylva John, who is also known as Mama Rohef was j...
EU Decries Abduction of Yobe Schoolgirls Sympathizes with Affected Families, Nigerians By Inimesit Pius The European Union, EU, has decried the recent abduction of scores of schoolgirls of Government Girls Secondary School Technical College, Dapchi in Bursari Local Government Area of Yobe State by suspected fleeing members of the B...
Stand Against Electoral Fraud, Agbomah Urges Nigerians By Nosa Eresoyen, Asaba   Former National Officer of the Peoples Democratic Party (PDP), Hon. Mrs. Ifeoma Agbomah has called on Nigerians to stand against manipulative tendencies of the APC led government and INEC in the forthcoming elections in the country. Agbomah, who stated this in an...
“Demonic” Spinsters Attacks Pastors In Church Over Alleged 4... - Messy Details Of Her 15 Years Battle Against “Spirit Of Limitations, Anger - Why She Attacks Suitors, + Her Deliverance Nosa Eresoyen, Asaba  In what appeared to be fairy tales, but mind blowing revelations took the congregation of a prophetic King’s Chapel International Church in Asaba, ...
‘FG Must Promote Entrepreneurship To Curb Increasing C... By Ali Maha The Federal Government's lack of commitment to promote businesses and entrepreneurship has been described as the bane of all the societal ills bedeviling the the Nigerian society including youth restiveness, juvenile delinquencies and moral decadence, comrade Peter NWIGWE, the Chairma...
Zimbabwe’s Tsvangirai laid to rest in home town Zimbabwe’s late opposition leader Morgan Tsvangirai has been buried in his home town of Buhera in a final farewell which was attended by supporters, diplomats and senior representatives of the ruling Zanu PF party. There were some surprises too, music legend Oliver Mtukudzi seneraded the gatherin...
Certificate Forgery: Group Accuses IGP Of Scuttling Investig... By Esther Bello Facts have emerged at the weekend, how the Inspector-General of Police, Mr Ibrahim Kpotun Idris, allegedly dabbled into ongoing investigation of certificate forgery against Senator Andy Uba at the Force Criminal Intelligence and Investigation Department (FCIID). This was reveal...
Botswana Man Gets Death Penalty For Murdering Son A 28-year-old man was hanged in Botswana at the weekend after he was handed the death penalty for murdering his son, a prison official told AFP news agency. Joseph Tselayarona's execution took place on Saturday at Gaborone Maximum Security Prison, AFP adds. Earlier this month President Ian Kha...