The House of Representatives on Wednesday ordered an investigation into the award of contracts for the refurbishment of refineries by the Nigerian National Petroleum Corporation (NNPC).
This was sequel to the adoption of a motion by Henry Nwawuba who alleged that the NNPC awarded the contract for the refurbishment of Warri and Kaduna refineries to SAIPEM and Tecnimont respectively without the submission of their local content plan for the contract’s execution and sustainable maintenance.
- PODCAST: Why Anambra politicians have gone into hiding
- IPOB killings: FG mulls state of emergency in Anambra
He said after refurbishing the refineries, the running maintenance contracts would be handled by SAIPEM and Tecnimont, “which means that all the money spent by NNPC in that regard would be transferred abroad, thus leading to capital flight.
“The glaring deliberate abuse of the Nigerian Content Development Act by the NNPC and the contract awarded to foreign companies have caused untold economic hardship to indigenous contractors who employ Nigerian citizens.”
The House mandated its Committee on Nigerian Content Development and Monitoring to investigate the matter and report back within two weeks for further legislative action.
Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.
