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Lawmakers move against crooked oil companies’ CEOs

The House of Representatives has read the riot act against chief executives of some major Oil Companies for refusing to honour its invitations.

The oil companies under the lawmakers’ scrutiny include: Total Nigeria Plc, Mobil Nigeria, NIPCO, Forte Oil, Oando and MRS among others, many of who are being investigated for alleged huge debts and criminal acts of sabotage by Oil Marketers.

Chairman, ad hoc committee mandated to carry out the investigation, Abdulahi Gaya had expressed concern over the attitude of the affected CEOs that have consistently failed to either honour the Committee’s invitation or failed to provide requested documents for the investigation.

He said: “Before we started this investigation, what we did as a committee was to sit down to digest and see the best way out and fortunately for us, so far we have recovered a lot of money, huge amount of money.

“We called PPMC to give us information on the outstanding of oil Marketers and they came and told us. We then sent letters to 17 oil marketers to send in documents and tell us their own part, the outstanding.

“We also requested that they come and defend it but instead of doing that, they are sending representatives. Why are sending persons that are not part of their organisations?”

According to him, the investigation was to ascertain the veracity or otherwise of the claims of the Petroleum Product Marketing Company (PPMC) as well as the oil marketers who are the actors on the matter with a view to ensuring that the Nigerian government was not short-changed in anyway.

Gaya, who revealed that 50 percent of the debts arising from default by  oil marketers has been recovered, however did not disclosed the actual amount recovered so far.

While he noted that the amount was stipulated in the documents obtained from various stakeholders, the lawmaker expressed optimism that 80 percent of the money would be recovered by the end of the investigation.

The post Lawmakers move against crooked oil companies’ CEOs appeared first on Pearl News.

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Lawmakers move against crooked oil companies’ CEOs


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