House of Representatives Rejects Report on Acquisition of OVH Energy Marketing

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Politics Berita

House Of Representatives,Report,Ad-Hoc Committee

The House of Representatives has rejected the report of its Ad-hoc Committee that investigated alleged irregularities and corruption in the acquisition of OVH Energy Marketing by the Nigerian National Petroleum Company Limited (NNPCL). Fresh evidence emerged that the exercise was not properly conducted, leading to the rejection of the committee's report. Documents written by the MD of NNPCL Retail, who was also the former MD of OVH, have raised suspicion of a conflict of interest.

The House of Representatives, on Wednesday, turned down the report of its Ad-hoc Committee that investigated the alleged irregularities and corruption in the acquisition of OVH Energy Marketing by the Nigerian National Petroleum Company Limited (NNPCL). The Hassan Abubakar Nalaraba-led committee's report was discarded after it was debated at plenary on Tuesday due to fresh evidence, which emerged that the exercise was not properly conducted.

The House was shocked to receive documents written by a foreigner, Huub Stokeman, who is the MD of NNPCL Retail and former MD of OVH, the company that was acquired by NNPCL, wherein he requested the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to renew the licence of the same company, even before the acquisition. The discovery has thrown up a conflict of interest situation that has raised serious suspicion and requires lawmakers to find out how a company that was acquired two years ago has not merged completely while the MD of the acquired company is now the MD of the NNPCL Retail that acquired the

 

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