Fuel subsidy: Senate mandates committee to probe NNPC over $1.05billion

Fuel subsidy: Senate mandates committee to probe NNPC over $1.05billion

The Senate has mandated its Committee on Gas to investigate the alleged diversion of $1.05billion from the NLNG to fund oil subsidy.

It would be recalled that the Senate President, Bukola Saraki promised on Monday to investigate the claim made by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Makanti Baru.

The decision to probe the diversion followed the adoption of the prayers in a motion moved by Sen Albert Akpan, who prayed the Senate to grant his committee the power to investigate the matter.

Speaking on the motion, Sen Akpan said, “Mr President, the NLNG dividends account proceeds belongs to the three tiers of government and comes under the consolidated revenue fund account.

Also Read: We will probe NNPC over diversion of NLNG’s dividend – Saraki

“Therefore, any unauthorised withdrawal from this account without the approval of the National Assembly or any other structure of government is therefore illegal.

“I, therefore, seek the leave of the Mr President to allow the Senate committee on gas to investigate this withdrawal and other withdrawals and the way and manner NLNG proceeds is treated by the NNPC and report back to the Senate,” Sen Akpan said.

Speaking against the prayer of Sen. Akpan, the Senate Leader Sen Ahmed Lawal argued that his committee is already investigating fuel subsidy.

“Our committee is working on this and therefore, I don’t think the Senate committee on gas should investigate this,” he argued.

In his ruling, the Senate President mandated the committee on Gas to investigate the matter, while the Ad Hoc committee should proceed with its investigation without the NLNG.

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