Reps Raise Concerns Over Alleged $80 Million Debt In Oil Sector

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The House of Representatives Committee on Public Petitions has raised concerns over allegedĀ  $80 million debt owed an indigenous oil firm by the Nigerian Agip Oil Company.

The panel gives the Chief Executives of the Nigerian National Petroleum Company Limited, the Nigerian Agip oil company and others relevant to the probe June 26 to appear before it.

It’s the second sitting this Committee is having to deliberate on a petition brought before it by an indigenous oil firm.

The firm, De Coon Services Limited, alleges that the National Agip Oil Company, NAOC, owes it more than $80 million.

The crisis between both organisations started in 2015.

The petitioner and Chief Executive of the company, Nelson Onubogu, also accuses Agip of using some cronies to siphon the money, which he said, had been paid.

He says many of his contracts were taken off him.

Apart from the Ministry of Petroleum Resources, others invited did not show up.

On its part, the Ministry exonerates itself from the dispute and saysĀ  it is reaching out to affected agencies to better understand the details.

But the NNPCL. NAOC and other agencies invited did not come and the Committee members were clearly not pleased.

Attempts by one of them to give a soft landing to the Chief Executive Officer of NNPCL, failed.

Credit: TVC News

 

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