Monday, January 20, 2025

Senate Moves To Investigate Economic Sabotage, Summons Dangote, CBN, NNPCL, Others

The Senate has taken a bold step to investigate alleged economic sabotage in the petroleum industry, summoning key players, including Dangote Group, Nigerian National Petroleum Company Limited (NNPCL), Central Bank of Nigeria (CBN), and Minister of State for Petroleum, Heineken Lokpobiri, to testify before an ad-hoc committee.

The 14-member committee, established on July 23, aims to uncover the truth behind billions of euros spent on turnaround maintenance at state-owned refineries over the last decade.

The committee’s chairman announced that contractors responsible for the refineries’ maintenance will be summoned to a public hearing on September 10.

READ MORE: President Tinubu Urges Youths To Shelve Protest Plans, Demands More Time To Address Grievances.

The committee will also embark on a fact-finding mission to Lagos, Port Harcourt, and Warri to engage with major industry players.

Committee members have vowed to tackle the sector’s deep-seated problems, promising that “business as usual” will no longer be tolerated.

They have also warned that arrest warrants will be issued to any agency head who refuses to appear before the committee, signaling a no-nonsense approach to the investigation.

Hot this week

Families of Fallen Heroes, War Veterans Demand Support on Armed Forces Day 2025

Families of Nigeria's fallen military heroes and war veterans...

The Future of Business in Nigeria: The Necessity of Artificial Intelligence

As Nigeria continues to navigate the complexities of a...

Nigeria Joins BRICS as Ninth Partner, Strengthening Global Cooperation

Nigeria has officially joined BRICS as its ninth partner...

Tinubu: Federal Government Committed to Advancing Occupational Health for Economic Growth

President Bola Ahmed Tinubu has reiterated the Federal Government’s...

IMF Predicts 2025 Growth Uptick, Warns of Protectionism’s Threat

Global economic growth is set to improve slightly in...

Subsidy Era Masked Nigeria’s Debt Crisis, Economic Realities – Taiwo Oyedele

Nigerians lived in an economy shrouded in “window-dressed realities”...

Why Nearly 90,000 Nigerians Were Denied Schengen Visas Over Two Years – Report

Nearly 90,000 Nigerians were denied Schengen visas in 2022...

IMF Predicts 2025 Growth Uptick, Warns of Protectionism’s Threat

Global economic growth is set to improve slightly in...

FG Denies Forcing Prominent Nigerians to Testify in $6 Billion Mambilla Arbitration Case

The Nigerian government has refuted claims that it compelled...

Mental Deformity and Its Impediment to People-Focused Leadership

In the realm of leadership, the ability to connect...

Related Articles

Popular Categories