House of Reps panel probes NNPC Joint Venture contracts with IOCs

…Summons AGFMalami, Kyari The House of Representatives has unveiled plans to investigate the structure and accountability of the Joint Venture (JV) businesses between Nigeria and International Oil Companies (IOCs) between 1990 to date. To this end, the House resolved to set up an ad-hoc Committee to investigate all Joint Venture (JV) operations and Production Sharing Contracts (PSCs) in the Oil and Gas sector since 1990, with a view to ascertaining whether or not the capital expenditure, operations, financials and related frameworks are within the ambit of law and Production Sharing…

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H/Reps probe Agric Ministry for spending N18.9bn on ‘ghost bush’ clearing during Covid-19 lockdown 

The Public Account Committee of the House of Representatives Committee (PAC), has invited the Federal Ministry of Agriculture and Rural Development to give an account of how the ministry spent N18.9 billion on bush clearing, land-preparation among others during the Covid-19 lockdown. The chairman for the committee, Wole Oke, made this call, demanding that the Ministry of Agriculture show the places they claimed to have cleared. According to him, “During the lockdown of the country as a result of COVID-19, some companies took contracts worth about N18 billion for bush…

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Financial Irregularities: Reps petition Buhari over refusal of agencies to honour C’ttee invitations

The House of Representatives is to petition President Muhammadu Buhari over the refusal of some agencies of government to appear before its Committee on Public Account to answer questions over financial irregularities traced to them or clarify some records provided by other agencies. The House Committee on Public Account is particularly not happy with the refusal of the Governor of the Central Bank of Nigeria (CBN), Godwin Emiefele, Managing Director of the Nigeria Port Authority, Hadiza Bala Usman and the Bureau for Public Enterprises to appear before it over sales…

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Reps probe CBN, NNPC, NPA, PEF, others over alleged alienation, sale of government landed properties

The House of Representatives will, on Wednesday, commence investigative hearing into the petition against the implementation Committee of White Paper on the Commission of Inquiry into the alienation and sale of Federal Government landed property from inception to date levelled against the Central Bank of Nigeria (CBN), Nigerian National Petroleum Corporation (NNPC). The investigative hearing was initiated by the House Committee on Public Accounts chaired by Hon Wole Oke. The Federal Executive Council (FEC) had in 2005 approved guidelines for the sale of Federal Government houses across the country, including…

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Revealed! NDDC spent N1.3trillion within four years, says Senate, …as Reps probe disappearance of N100bn disbursed to North-East Commission

Nigerian Senate ad hoc committee investigating the misappropriation of funds in the Niger Delta Development Commission (NDDC) said the agency had spent N1.3 trillion within four years. In the report read on Thursday by the Senate Committee Chairman, Senator Olubunmi Adetunmbi, the NDDC spent the N1.3 trillion between 2015 and May 31, 2019. Adetunmbi said many of the expenses were extra-budgetary. The investigation report revealed that the NDDC paid 4.9billion Naira to staffs for numerous allowances, which include COVID-19 relief, tour duty allowances, overseas travel, and international scholarships.    The payment…

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