The House of Representatives Ad hoc Committee to Investigate the Circumstances surrounding the acquisition of OVH Energy Marketing by the Nigeria National Petroleum Cooperation, NNPCL, has halted its probe due to the absence of Chief Executive Officers of the companies involved.
The Group Chief Executive Officer of the NNPC, Mr Mele Kyari, and the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, MMDPRA, Farouk Ahmed, were absent during the probe of irregularities and alleged corruption in the NNPCL.
As the hearing commenced, the chairman of the Ad hoc Committee, Honourable Abubakar Nalaraba, frowned that both CEOs sent representatives.
The NNPC sent its Executive Vice President (Downstream), Yemi Adetunji while the NMDPRA was represented by Soji Soloye.
They said their various Chief Executives could not attend the hearing because they were attending to other things.
When the Chairman of the Ad hoc Committee inquired if they could represent their principals at the probe, they said they could not.
Nalaraba said it was unfortunate because the committee was far behind schedule in the discharge of its assignment.
“This is an ad hoc committee on the need to investigate the irregularities and alleged corruption in the Nigeria energy security provider, the NNPC Limited, and the acquisition of OVH Energy Marketing.
“The House resolved to set up this Ad hoc committee to investigate the circumstances surrounding the acquisition of OVH Energy by NNPCL and report within four weeks.
“The time allocated to conclude and submit this report within four weeks. Unfortunately, we are far behind schedule despite the extension of the House recess, we still feel the need to continue or to progress with this investigation,” he said.
The hearing dissolved into an executive session for the panel to decide an appropriate time for the Chief Executives to appear.
Confidence Okwuchi
