Management of the Nigerian National Petroleum Corporation (NNPC ) is to appear before the Senate Committee on Public Account (SPAC) this week over alleged non-remittance of N4.07trillion into the Federation Account between 2010 and 2016.
Also expected to appear for explanations are managements of the Department of Petroleum Resources (DPR), Petroleum Products Pricing Regulatory Agency (PPPRA) and Federal Inland Revenue Services (FIRS) over unauthorised deduction of N1.5 trillion from the Federation Account as alleged by the Office of Auditor General of the Federation in the 2016 Audit report .
The Nation’s Oil Company had appeared before the committee chaired by Senator Mathew Urhoghide (PDP Edo South) penultimate week to offer explanations on the N4.07 trillion in question, which it said was expended on oil pipelines repairs , domestic fuel supplies, security and management matters .
Though NNPC as directed by the committee, had provided details of the expenses from the N4.07trillion, the committee at its meeting last Thursday, resolved that management of the oil corporation should appear Tuesday or Wednesday to speak to the documents provided.
“Speaking to the documents already forwarded to us in convincing manner through required facts and figures, will make us vacate the query or sustain it if otherwise.
“They need to come before the committee to make further clarification, we give till this week Wednesday or latest Thursday to appear before us,” Urhoghide said.
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