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Audit queries: Reps summon heads of 17 NNPC subsidiaries

The House of Representatives Public Accounts Committee has summoned heads of 17 subsidiaries of the Nigerian National Petroleum Company Ltd over audit queries by the…

The House of Representatives Public Accounts Committee has summoned heads of 17 subsidiaries of the Nigerian National Petroleum Company Ltd over audit queries by the Office of the Auditor-General for the Federation.

The audit queries were issued over the operations and finances of the NNPC subsidiaries between 2014 and 2019. The summon was contained in a letter signed by the chairman of the committee, Wole Oke.

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The heads of the Nigeria Petroleum Development Company Limited, the Kaduna Refining and Petrochemical Company Limited, the Pipeline and Products Marketing Company Limited, the Duke Oil Company Inc, the West Africa Gas Limited and Nidas Marine Limited are to appear on Wednesday.

Those of Hyson (Nigeria) Limited,  Nigerian Gas Company, National Engineering and Technical Company, National Petroleum Exchange, NNPC Pensions Limited, Warri Refining and Petrochemical Company are to appear on Thursday.

Heads of Port Harcourt Refining Company,  NNPC Retail Limited, Integrated Data Service Limited, National Petroleum Investment & Management Services and  Petroleum Product Pricing Regulator Agency are expected to appear on Friday.

They are expected to provide copies of their organisations’ audited accounts for 2015-2021 in compliance with Financial Regulation No 3210(v), evidence of submission of copies to the Auditor-General Office for the Federation. 

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