Senate to probe NNPC over N5.1tr unremitted subsidy payment

The Senate of the Federal Republic of Nigeria, on Tuesday, resolved to open investigation into Nigeria’s oil manager, Nigeria National Petroleum Corporation, (NNPC), over N5.1 Trillion collected on subsidy between 2006 and 2015.

Raising a point of order on the matter, Senator Dino Melaye (Kogi West), drew the attention of the Senate to the huge amount allegedly collected by NNPC but unaccounted for in the country’s record.

Melaye wants the oil company to be thoroughly investigated for alleged malfeasance of the nation’s common patrimony; pleading with the Senate to come up with a substantive motion on the matter the next legislative day.
“The time to investigate NNPC is now,” he said, asking what the senate was going to do about it.
Melaye, also wants the senate to probe other “monumental corruption”, in the oil company, beaming his search light on how some oil companies, in conivance with Pipeline and Product Marketing Company (PPMC), allegedly stole litres of refined products from government up to the tune of N2 billion monthly.
Melaye said, that was responsible for high cost of diesel in the country.

He also wants the Senate to investigate how AGO and PMS mysteriously disappeared from farm tanks and the proceeds end in private pockets.
In his ruling, the Senate President, Bukola Saraki, noted that the matter raised by Senator Melaye bothers strongly on the fight against corruption. He, therefore, granted his request to come forward with a substantive motion on Wednesday.