The House of Representatives on Thursday ordered another round of investigation into the sale of crude oil and its remittances by the Nigerian National Petroleum Corporation to the nation's account. The focus of the new investigation is “volume and value of crude oil sales and remittances” by NNPC from January to date.
“Among the areas of concern is the NNPC's Joint Venture operations. There are several billions of dollars that are unaccounted for. Some JV partners should come prior to the committee and give information that the NNPC cannot contradict.
“Now, whenever you confront NNPC with this information, they don't address the difficulties at stake. Reports from the Auditor-General's Office have many cases contrary to the NNPC. When this investigation is being conducted, I urge the ad-hoc committee to liaise with the Public Accounts Committee. We've information we are able to give the committee to help the investigation.”