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Reps Invite 17 NNPC Subsidiaries To Answer Audit Queries

Reps Invite 17 NNPC Subsidiaries To Answer Audit Queries 

The committee had accused the NNPC of concealing its 17 subsidiaries in order to force them to answer questions regarding their expenses from 2014 to 2019.

By Omotayo Olutekunbi

The House Committee on Public Accounts has written to Mr Mele Kyari, Group Managing Director of the Nigerian National Petroleum Company Limited, regarding audit queries submitted against the NNPC and its subsidiaries.

The committee, which had accused the NNPC of hiding its 17 subsidiaries in order to force them to respond to questions about their expenses from 2014 to 2019, has now requested the NNPC’s GMD to present their heads on specified dates.

The letter reads in part, “Pursuant to section 85, 88 and 89 of the 1999 Constitution as amended and Order XX Rule 6 of the House of Representatives Standing Order, I write to, again, request you to provide all the managing directors of the following 17 NNPC subsidiaries with their accounting officers to appear before the committee and answer all issues raised against them in the above subject matter.

The names of the NNPC subsidiaries that are affected

Nigerian Petroleum Development Company Limited, Kaduna Refining and Petrochemical Company Limited, Pipeline and Products Marketing Company Limited, Duke Oil Company Inc, West Africa Gas Limited, and Nidas Marine Limited are among the subsidiaries that will be listed on Wednesday, March 23, 2022.

Also scheduled to appear on Thursday, March 24, 2022 are Hyson (Nigeria) Limited, Nigeria Gas Company, National Engineering and Technical Company, National Petroleum Exchange, NNPC Pensions Limited, and Warri Refining and Petrochemical Company.

Port Harcourt Refining Company, NNPC Retail Limited, Integrated Data Service Limited, National Petroleum Investment & Management Services, and Petroleum Products Pricing Regulatory Agency are among those scheduled to appear on Friday, March 25.

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