The House of Representatives will investigate the sum of $396.33 million allegedly spent in four years on Turn Around Maintenance of the nation’s three refineries in Port Harcourt, Warri, and Kaduna.
This followed a unanimous adoption of a motion moved by Ifeanyi Momah (APGA-Anambra) during plenary presided over by the deputy speaker, Mr. Idris Wase, on Thursday.
The motion was titled, “Call for Investigation of the 396.33 million dollars allegedly spent in Four Years on Turn Around Maintenance of the Nation’s Three Refineries”.
Moving the motion, Momah said Nigeria currently had three major refineries situated with installed capacity to refine 445,000 barrels of oil, enough for domestic consumption and export.
The lawmaker said the objective of domestic consumption and export had not been realised owing to a combination of factors.
He said the factors included corruption and inefficiency in the running of the refineries with regular “Turn Around Maintenances” mismanaged over the years.
“The House also recalled a report in a national daily of Friday October 18, 2019 by the Nigeria National Resource Charter (NNRC) on “Reducing Losses from Refineries Operations.”
The report reviewed the operations of the Nigerian National Petroleum Corporation (NNPC) from a cost perspective of efficiency and value for money.