APC to NASS: Scrutinise firms involved in NNPC’s swap programme

All Progressives Congress (APC) has called on the National Assembly committees probing alleged revenue losses and sleaze at the NNPC, especially through the crude-oil-for-refined-product barter programme, to beam their searchlights on the activities of the two companies involved in the programme.
A statement issued in Washington, DC, United States of America, yesterday by its Interim National Publicity Secretary, Alhaji Lai Mohammed, said the call was necessitated by the fact that the two firms involved in the swap programme, Taleveras and Aiteo, recently submitted the highest and unmatched bid of $2.85 billion for the largest of Shell Nigeria’s four oil blocks slated for sale, the Oil Mining Lease (OML) 29.

The statement said: “This bid by the two upstart firms must attract the attention of the various National Assembly committees, including the House committees on downstream, upstream and justice and the Senate Committee on finance.
‘”How is it possible that these two companies that were nowhere prior to now have metamorphosed, in just five years, to become companies that can buy assets of $2.85 billion? Is there a link between this sudden leap in fortunes and the possible underhand dealings in the swap programme, considering they are the two firms involved in the programme?”