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NASS to grill finance minister, Emefiele, others, over N72bn, $73m NDDC debts

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The National Assembly has said it is set to invite Federal Government officials and 17 local and international oil companies over the alleged indebtedness to the Niger Delta Development Commission to

the tune of N72bn and $73m.

Zainab Ahmed; Governor of the Central Bank of Nigeria, Godwin Emefiele; Accountant-General of the Federation, Ahmed Idris; andSome of the oil companies invited are Shebah Express Petroleum, Atlas Petroleum, Allied Energy, Frontier Oil, Seven Energy Limited, Belma Oil Producing Limited, Aiteo Exploration and Production, Dubri Oil, Conoil Producing, and Continental Oil and Gas.

The lawmaker stated that records have shown that the affected oil companies jointly owed the NDDC a total sum of N72bn and $73m, while the Federal Government alone owed N1.2tn. “We also have it on good authority that Pan Ocean owes as much as $46.6m, while Allied Energy is indebted to the tune of $43m; and“The 9th National Assembly cannot afford to sit and watch oil companies deny the NDDC of its statutory revenue from firms operating

 

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