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Economic Sabotage:set aside ongoing Accusations and counter-Accusations —Senate tells Oils Industry.

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August 7, 2024
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Economic Sabotage:set aside ongoing Accusations and counter-Accusations —Senate tells Oils Industry.
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By Michael Agbaji

The Senate has on Wednesday urged all parties to set aside the ongoing accusations and counter-accusations as they embark on a journey towards uncovering the truth behind matters of economic importance.

Senate Ad-Hoc Committee investigating economic sabotage headed by Senate leader,Opeyemi Bamidale says,the aim of the Senate is to out with the genuine and well-being of the nation especially in the oil Industry.

Sen Opeyemi stated that it will be necessary for the Committee to look into and examine the pre-shipment and pre-discharge standard test parameters adopted by the Nigerian Midstream and Downstream Regulatory Authority with a view to uncovering loopholes.

He charges the behest of allegations of importation of toxic fuel and other oil-related substandard substances which he said, will be investigated.

He added that the committee will : “Determine the level of compliance of the NNPCL’s Direct Sale and Direct Purchase arrangements in line with the provisions of the Petroleum Industry Act, including the extent of transparency and accountability in the scheme.

According to Sen.Opeyemi, the Ad-Hoc Committee was set up by the Senate out of genuine concern for the well-being of our nation. I, therefore, assure you that we are all committed to conducting a thorough and impartial investigation across all areas outlined in the Senate Resolution of 3rd July 2024.”

The committee will also “Beam legislative searchlight on the activities of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, including payments made to transporters in the last 10 years.

As well as ”Enquire from the NNPCL the state/status of the 22 depots built by the defunct NNPC to eliminate road distribution of petroleum products.”

He said the Committee will engage with stakeholders within the oil and gas industry to identify possible gaps in regulating and strengthening the surveillance and monitoring structures in place, to enable Nigeria to detect violations of best practice standards in the importation of products before they enter into the domestic supply chains.

In his presentation, the Group Chief Executive Officer/CEO of the Nigerian National Petroleum Company Limited, Mele Kyari assured the Committee of cooperation, insisting that the Company does have a skeleton in its cupboard.

He lamented that he and the NNPCL management have been under media attack by those who did not mean well for the country, notwithstanding that the NNPCL is a company that belongs to over 250 million Nigerians.

According to him, the NNPCL under his leadership has grown tremendously compared to its past in oil and gas activities, while he canvassed that the proceeding of the Adhoc investigation be transmitted live on major television stations for Nigerians to be aware of happenings in the NNPCL.

He said: “Mr Chairman, we in the NNPCL are not criminals, we are not thieves as is portrayed in the media. The company belongs to over 250 million Nigerians and the company is our future; the company belongs to all Nigerians.

The interactive session was attended by the Minister of Finance and Coordinating Economy, Wale Edun, Minister of State for Petroleum Resources, Heineken Lokpobiri, the National Chairman of IPMAN; Dangote Refinery, Executive Secretary of NMDPRA, Farouk Ahmed and other stakeholders

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