The Group Managing Director of Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has been directed by the House of Representatives to present the heads of its subsidiaries, IgbereTV reports
A letter to Kyari, dated March 16, 2022, from the Chairman of the House Committee on Public Accounts, Oluwole Oke, demanded the presence of all the managing directors and accounting officers of the 17 subsidiaries under NNPC.
The summon from the lawmakers follows audit queries against the subsidiaries and the government-controlled oil firm, which involved allegations of mismanagement of public funds summed into several trillions of naira between 2014 to 2019.
Names of the affected NNPC subsidiaries
The affected subsidiaries are; Duke Oil Company Inc, Nigerian Petroleum Development Company Limited, Pipeline and Products Marketing Company Limited, Nigeria Gas Company, and National Engineering and Technical Company.
Also on the list are West Africa Gas Limited, Hyson (Nigeria) Limited, Petroleum Products Pricing Regulatory Agency, Port Harcourt Refining Company, and National Petroleum Investment & Management Services.
The legislature also listed NNPC Retail Limited, Integrated Data Service Limited, Nidas Marine Limited, Kaduna Refining, National Petroleum Exchange, and Petrochemical Company Limited, Warri Refining and Petrochemical Company, and NNPC Pensions Limited.
House accuses NNPC of shielding subsidiaries, sets new dates
Last week Tuesday, during the House investigative hearing, which had representative of the Group Managing Director, Mele Kyari, the Chief Financial Officer of the NNPC Limited, Umar Ajiya, present, the lawmakers accused the state-run firm of shielding the heads of the subsidiaries
