ThisDay· 3h ago· 1 min read
• Public Accounts Committee to probe 2021–2023 oil sector revenues, remittances, compliance
•More than 60 MDAs, regulators, indigenous, international oil firms scheduled for hearings
Sunday Aborisade in Abuja
Senate has fixed Monday next week for the commencement of a sweeping investigation into Nigeria’s oil and gas sector.
The red chamber summoned Nigerian National Petroleum Company Limited (NNPCL), Central Bank of Nigeria (CBN), major international and indigenous oil companies, regulators, and several government agencies ahead of the scheduled wide-ranging hearings.
The firms were expected to explain issues arising from Nigeria Extractive Industries Transparency Initiative (NEITI) Oil and Gas Industry Audit Reports for 2021, 2022 and 2023.
The investigation to be conducted by Senate Public Accounts Committee, chaired by Senator Ibrahim Hassan Dankwambo, would scrutinise…
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