Michelle Johnson
Sat, Sep 9, 2023 12:25 PM

Reps Insist on Physical Appearance of CEOs in Crude Oil Theft Probe

BusinessEarn Max 30 Coins💰 Get coins immediately after reading this article

Reps Insist on Physical Appearance of CEOs in Crude Oil Theft Probe
The House of Representatives ad hoc committee investigating crude oil theft in Nigeria has insisted that the Group Chief Executive Officers of NNPC, NIMASA, and NIWA appear in person to answer questions. The committee expressed dissatisfaction with their representatives and cited their powers under the 1999 Constitution. The investigation revealed that pipelines, well heads, and flow stations are the primary targets of oil thieves, and issues such as faulty metering and lack of technology contribute to the challenges faced by the regulatory agencies. The committee emphasized the need for collaboration among agencies and requested a list of all other agencies working in the oil sector.

In an ongoing investigation into crude oil theft in Nigeria, the House of Representatives ad hoc committee has insisted that the Group Chief Executive Officers (CEOs) of the Nigeria National Petroleum Ltd (NNPC), Nigeria Maritime Administration and Safety Agency (NIMASA), and the Nigeria Inland Waterways Authority (NIWA) appear physically to provide answers.

The committee, chaired by Alhassan Doguwa, highlighted their powers under section 88 of the 1999 Constitution, which allow them to invite and ensure the appearance of individuals and corporate entities responsible for public funds administration.

During the investigative hearing, representatives from the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigeria Upstream Regulatory Authority (NUPRA) emphasized that pipelines, well heads, and flow stations are the primary targets of oil thieves.

Faulty metering procedures, inadequate instruments, and a lack of technology were cited as obstacles in the efforts of these agencies to combat oil theft. A representative of the NMDPRA CEO, Farouk Ahmed, and Director of Operations, Oseni, informed the committee that proper monitoring of crude oil metering for exports is hindered by a lack of collaboration among agencies.

However, Rep Awaji Inombek Abiante, a member of the committee, argued that the location of pipelines is not the sole cause of oil theft. He suggested that neglect of oil host communities also contributes to the problem.

In his ruling, Committee Chairman Rep Rurum asserted that the CEOs of all invited agencies must appear in person on Monday, September 11, 2023. Additionally, he requested the CEOs to provide a list of all other agencies operating in export terminals within the nation's oil sector.

Source of content: OOO News 2023-09-09 News

More detailed, more comprehensive, fresher news, please visit OOO NEWS.

Share content to earn coins