From Ndubuisi Orji, Abuja
House of Representatives Ad-hoc Committee probing petroleum products subsidy regime from 2013 till date has said there is no information on the legal status of 23 oil companies operating in the country.
At the resumed hearing of the panel, yesterday, Chairman of the committee, Ibrahim Aliyu Mustapha, explained that the panel had written to the Corporate Affairs Commission (CAC) to furnish it with the details on the companies doing business with the Nigerian National Petroleum Company ( NNPC) Limited.
However, the lawmaker noted that the CAC, in a letter dated July 13, with reference number RGO/SU/VOL.5/2022/0248 and signed by Maimunat Hamu.M on behalf of Register-General, stated that it has no information on 23 out of the 57 companies that has business relationship with NNPC in respect to turn subsidy regime.
Consequently, the panel chairman said the NNPC had some questions to answer in respect of the oil companies.
“This Committee wrote to the Corporate Affairs Commission, CAC, requesting the commission to avail it with information on the following companies, about 57 companies. The commission wrote as follows: I read two letters that they have sent to us.
“I will like to direct the NNPC to provide detailed profile of these companies. At this juncture, I say that all those companies that were invited to appear before this Committee should make their profile as part of their submission. And take this to be part of the requirements for submission before this honorable committee.
Those company the commission couldn’t find their profile, they will have a lot of questions to answer particularly, NNPC.