Senate demands NNPC, DPR, others’ audited accounts

Senate President Bukola Saraki

The Senate Committee on Gas Resources on Wednesday directed the Nigerian National Petroleum Corporation and its subsidiaries to submit to it their detailed audited accounts for the past three years.

Apart from the NNPC, other agencies affected are the Nigerian Petroleum Development Company, Nigerian Petroleum Investment and Management Service and the Nigeria Liquefied Natural Gas.

The committee also blamed the Federal Government agencies for the worsening incidence of gas flaring in the country. It noted that their inability to enforce the payment of stipulated penalties by errant International Oil Companies was responsible for the increased gas flaring activities in the oil producing communities in the country.

The Chairman of the committee, Senator Albert Akpan, asked the NNPC and its subsidiaries to submit the audited accounts within the next one week. Akpan gave the directive during the committee engagement with the agencies in Abuja.

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