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LequteMan
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The Senate Committee on Petroleum (Downstream) has threatened to invite the Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, to furnish it with details of NNPC financial transactions.
The NNPC management had continuously failed to provide the committee with details of its financial transactions, claiming that it was still collating the financial information being required.
The Chairman, Senate Committee on Petroleum (Downstream), Sen. Magnus Abe (PDP-Bayelsa), issued the threat when he addressed newsmen in Abuja on Sunday.
Abe said the NNPC had persistently failed to supply the committee with the relevant information about its financial dealings since October 2013.
He warned that should the NNPC continued to delay submission of the financial records, the committee would be compelled to invite the minister to appear before it with relevant financial details.
He said that the committee required to be furnished with documents relating to the financial dealings of the oil corporation since 2012 as well as the alleged N10 billion private jets.
According to him, some of the issues include crude swap transactions, rehabilitation of refineries, the volume of petroleum products being sold by the Petroleum Products Marketing Company.
``We asked about the crude swap transactions to know exactly what volumes are being swapped and what the country is getting in return.
``We also wanted information on the rehabilitation of the refineries to know exactly how far they have gone with those programmes.
``We want information on the aircraft that has now become an issue. We have actually asked for this information since last year and we have not seen that.’’
While declining to give a deadline for submission of the documents being required, Abe said the request for the financial details were routine and not out to witch-hunt anybody.
He decried the nonchalant attitude being displayed by the NNPC management which failed to send any representative to a meeting called by the committee last week.
Abe said the committee could bring the matter to the attention of the Senate leadership if the NNPC continued to hold back financial details from the committee.
The NNPC management had continuously failed to provide the committee with details of its financial transactions, claiming that it was still collating the financial information being required.
The Chairman, Senate Committee on Petroleum (Downstream), Sen. Magnus Abe (PDP-Bayelsa), issued the threat when he addressed newsmen in Abuja on Sunday.
Abe said the NNPC had persistently failed to supply the committee with the relevant information about its financial dealings since October 2013.
He warned that should the NNPC continued to delay submission of the financial records, the committee would be compelled to invite the minister to appear before it with relevant financial details.
He said that the committee required to be furnished with documents relating to the financial dealings of the oil corporation since 2012 as well as the alleged N10 billion private jets.
According to him, some of the issues include crude swap transactions, rehabilitation of refineries, the volume of petroleum products being sold by the Petroleum Products Marketing Company.
``We asked about the crude swap transactions to know exactly what volumes are being swapped and what the country is getting in return.
``We also wanted information on the rehabilitation of the refineries to know exactly how far they have gone with those programmes.
``We want information on the aircraft that has now become an issue. We have actually asked for this information since last year and we have not seen that.’’
While declining to give a deadline for submission of the documents being required, Abe said the request for the financial details were routine and not out to witch-hunt anybody.
He decried the nonchalant attitude being displayed by the NNPC management which failed to send any representative to a meeting called by the committee last week.
Abe said the committee could bring the matter to the attention of the Senate leadership if the NNPC continued to hold back financial details from the committee.
