Screen companies involved in NNPC crude swap - APC
The All Progressives Congress (APC) has called on the National Assembly committees probing alleged revenue losses at the NNPC through the crude-oil-for-refined-product barter programme, to screen the companies involved in the programme.
In a statement issued in Washington DC, US, on Sunday by its interim national publicity secretary, Alhaji Lai Mohammed, the party said the call was necessitated by the fact that the firms involved in the swap programme submitted the highest bid for the largest of Shell Nigeria’s four oil blocks slated for sale.
It added that, it will also be necessary for the committees to have a good look at the five-year audited reports of the two companies to know the source of their record-breaking earnings and achievement.
“For the avoidance of doubt and lest we are misunderstood, we are not accusing these companies of engaging in any misdeed. What we are saying is that those who are saddled with investigating the alleged revenue losses and possible sleaze at the NNPC must not leave any stone unturned in their attempt to unearth the truth.
“Since the two firms are the main players in the NNPC’s swap programme, and in view of their recent (planned) expenditure profile, they must also come under the scrutiny of the committees,’’ it said.