The House of Representatives has resolved to set up an ad-hoc committee to investigate crude oil sales by the Nigerian National Petroleum Corporation (NNPC) between January and July 2018, and report back in 14 days.
This followed the adoption of a motion by Nicholas Ossai (PDP, Delta) on the “urgent need to investigate NNPC’s current under-remittance to the Federation Account.”
Leading debate on the motion, Ossai informed the House that the monthly meeting of the Federal Accounts Allocation Committee (FAAC) could not hold in June due to NNPC’s remittance shortfall of N100 billion.
He accused NNPC of usurping the powers of the parliament, by spending funds not appropriated by the legislature.
“There is need for this House to wade into the matter so that one particular organisation does not become a clog in the wheel of progress in the country,” Ossai noted.
The lawmakers in their separate contributions endorsed the call for the probe of NNPC, arguing that the three tiers of government depend largely on oil revenues.
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