Nigerian Senate begins probe of Shell, other IOCs

Edwin Akwueh, Abuja

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The Nigerian senate on wednesday set up a 7-man ad-hoc committee to investigate the oil mining license granted to the Shell Petroleum Development Corporation, between 1959 & 2019.

The probe also extends to the non compliance of international oil companies IOCs, with the petroleum industry Act.

According to Senator George Seikibo who sponsored the motion that led to the investigation moves, Nigeria has lost about 200 million dollars due to the failure of shell to keep to it’s part of the joint venture aggreement with the NNPC over the stipulated period.

Ad-hoc Committee Members

Members of the adhoc comittee are; senator Sabi Aliyu Abdullahi who serves as the chairman while senators George Seikibo, Yahaya Abdullahi, & Albert Bassey are to serve as members. Others include; senators Adeola Olamilekan, Smart Adeyemi, & Aishatu Modibbo Ahmed.

The comittee has 4weeks to carry out its assignment as mandated by the President of the Nigerian senate Dr. Ahmad Lawan.

Meanwhile, President Muhammadu Buhari has requested the senate to confirm his appointment of Mr. Mohammed Bello as Chairman of the Revenue Mobilisation Allocation and Fiscal Commission.

President Buhari’s request was contained in a letter addressed to the President of the Nigerian senate Dr. Ahmad Lawan which he read on the floor of senate on wednesday.

Similarly, the Senate has confirmed the appointment of Dr. Hale Gabriel Longpet, as a Resident Electoral commissioner of the country’s electoral umpire, the INEC.

Fence Mending

In another development, Chairman of the governing party in Nigeria the APC, senator Abdullahi Adamu, also on wednesday, met with the party caucus immediately after plenary.

Senator Adamu who briefly interacted with Journalists after the closed door meeting, said the party was worried by the rate at which members were defecting from the party hence the meeting was called to mend fences.

 

 

 

Hauwa Abu

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