The House of Representatives has concluded
arrangement to summon the management of the Nigerian National Petroleum
Corporation (NNPC) to appear before it for seven consecutive days to explain
the shortfall of N7 billion in government revenue from the Corporation from
2006.
The investigation is to unravel the shortfall and those involved in the shortfall and also find ways of stopping such in the future, while all the likely affected agencies would be summoned to appear before the House Committee on Public Accounts.
The Chairman of the House Committee on Public Accounts, Hon Solomon Adeola at the weekend said that they would equally be investigating other agencies including the Directorate of Petroleum Resources (DPR), the Petroleum Pipelines Marketing Company, the Petroleum Product Pricing Regulatory Agency (PPPRA) and the Ministry of Petroleum over the issue.
Adeola, who spoke to newsmen at the weekend, hinted that it would be instituting a comprehensive probe into the operation of the Liquefied Natural Gas (LNG) which, according to him, has not remitted any revenue into government coffers after operating in the country for the upward of seven years.
According to him, "The budget proposal submitted by the government to the National Assembly does not reflect revenue expected from gas”, even as he added that “it would unacceptable to the House for the Presidency to lump it up as revenue coming from other sources".
He explained that the committee is working hard to ensure that the Office of the Auditor-General of the Federation gets its budget as a first line charge from the Federation Accounts for it to be actually independent and be able to discharge its responsibilities judiciously.
Speaking on the resolution of his Alimosho Federal Constituency in the ongoing Constitution Amendment process, Adeola said his people, who are more than 3 million in population, are demanding for the creation of two additional local governments for the area.
The investigation is to unravel the shortfall and those involved in the shortfall and also find ways of stopping such in the future, while all the likely affected agencies would be summoned to appear before the House Committee on Public Accounts.
The Chairman of the House Committee on Public Accounts, Hon Solomon Adeola at the weekend said that they would equally be investigating other agencies including the Directorate of Petroleum Resources (DPR), the Petroleum Pipelines Marketing Company, the Petroleum Product Pricing Regulatory Agency (PPPRA) and the Ministry of Petroleum over the issue.
Adeola, who spoke to newsmen at the weekend, hinted that it would be instituting a comprehensive probe into the operation of the Liquefied Natural Gas (LNG) which, according to him, has not remitted any revenue into government coffers after operating in the country for the upward of seven years.
According to him, "The budget proposal submitted by the government to the National Assembly does not reflect revenue expected from gas”, even as he added that “it would unacceptable to the House for the Presidency to lump it up as revenue coming from other sources".
He explained that the committee is working hard to ensure that the Office of the Auditor-General of the Federation gets its budget as a first line charge from the Federation Accounts for it to be actually independent and be able to discharge its responsibilities judiciously.
Speaking on the resolution of his Alimosho Federal Constituency in the ongoing Constitution Amendment process, Adeola said his people, who are more than 3 million in population, are demanding for the creation of two additional local governments for the area.
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