The Senate Committee on Local Content on Wednesday, grilled the Nigerian Content Development and Monitoring Board over an alleged breach of local content laws by a foreign oil company, Saipem Contracting Nigeria Limited.
Saipem was accused of not only breaching local content laws but also failing to involve indigenous companies in the processes of awarding contracts on the NLNG Train-7 project.Independent Corrupt Practices and other Related Offences Commission The petitioner, Messrs Moboluwaduro Abimbola, also claimed that the Nigerian Content Plan for the Train-7 project was approved and that a Certificate of Authorisation had been issued by the NCDMB in March 22, 2019.
But an unsatisfied panel asked the MD to provide more information about the foreign finance institutions that could aid the investigation. Shortly before the executive session, he informed the panel of the reasons for the hearing, expressing disappointment at the outcome of the previous meeting with the MD of Saipem.