Senate investigates N11.35 trillion refineries’ rehabilitation contracts

The Nigerian Senate has constituted an ad hoc committee to investigate all contracts awarded for the rehabilitation of refineries said to have gulped N11.35 trillion in 13 years.

The sum includes $592, 976, 050.00, €4, 877, 068.47 and £3, 455, 656.93.

The Senate also mandated the committee to interrogate the Ministry of Petroleum Resources, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian National Petroleum Corporation Limited (NNPCL) and the Bureau of Public Enterprises (BPE) on the best approach to commercialise state-owned refineries.

Deputy Senate President, Barau Jibrin (APC, Kano North) who presided over the plenary, named Senator Isah Jibrin (Echocho, APC – Kogi East) as the chairman of the committee.

Other members are chairmen of the committees on Petroleum Resources (Downstream, Upstream and Gas), Finance, Appropriation, and Public Accounts.

He mandated the panel to submit its report within four weeks.

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