The House of Representatives Committee on Public Accounts has invited the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mele Kyari, for questioning over ) on the N3.878 trillion under remittance revenue from domestic crude oil sales.
The NNPC’s failure to remit N3.878 accrued from domestic crude oil sales was discovered by the Auditor-General of the Federation (oAuGF), who in turn served the corporation an audit query.
Kyari is also expected to respond to queries on the non-collection of miscellaneous gas receipt for some months in the 2015 financial year, as well as the refund of N450 billion by NNPC to the Federation Account; refund of N1.8 trillion unpaid gas revenue without details.
In addition, he is also expected to provide answers to the lawmakers on “payment through Nigeria Gas Limited Funding Account of $30,963,894.01 (N16,099,887,119.77) as well as misapplication of Joint Venture Cash Calls (JVCC s) for other purpose valued at $292,094,405.82 and N2,474,295,000.
The NNPC Group Managing Director, who is being expected by the lawmakers on February 11, 2021, is expected to appear alongside those who benefited from the Nigeria Gas Limited Funding Account.
The beneficiaries are Century Energy Service Limited; United Refining Rachmann; Union Petroleum Service; Ocean Bed Trading Limited; Ice Energy & Petroleum; Mangrove Pet. Supplies & Logistic and Unicorp Trading Limited.
The committee letter read in part: “Pursuant to the Committee’s constitutional mandate over matters relating to public finance management, audit and expenditure as provided in sections 80, 85, 88 and 89 of the 1999 Constitution (as amended) and Order XVIII – Rule 6 of the House of Representatives Standing Orders, the Public Accounts Committee has commenced investigative hearing on the Auditor-General’s reports on the Federation Accounts for 2015.
“During a hearing session with the Accountant General Office on Friday, 29th January, 2021, the Committee resolved that you cause appearance to respond to the issues raised”.
