By Femi Ogunshola
Abuja – The House of Representatives has said it is investigating the structure and liability of the joint venture and production sharing contracts of the Nigerian National Petroleum Company (NNPC) Ltd.
Representative Hassan Fulata, chairman of the ad hoc committee, said Wednesday that his committee was investigating NNPC’s joint venture and production contract from 1990 to date.
Fulata said the investigation became imperative because some NNPC accounts failed to follow due process.
He said his committee uncovered a secret account belonging to NNPC Ltd., alleging the federal government failed to follow due process in opening those accounts.
However, Mr. Okolieaboh Sylva, the Acting Accountant General of the Federation (AGF), who appeared before the committee on Wednesday in Abuja, denied that the government had knowledge of any such secret account.
The AGF office, Total Energy, Shell Petroleum Company and Chevron were all on hand to answer questions.
The committee has, however, invited other heads of government and agencies and companies such as Seplat Oil and Gas and Newcross Oil and Gas to appear before it on September 27.
The lawmakers insisted they must appear in person, warning that the National Assembly would not hesitate to invoke the relevant constitutional privilege if one of the agency heads did not honor their invitation.
The News Agency of Nigeria (NAN) reports that the mandate of the committee is to establish whether various NNPC joint venture agreements have followed due process. (NOPE)