$30bn revenue leakage: Reps threaten to arrest directors of DPR, NAPIMS, PPMC, Chevron others

The House of Representatives on Tuesday threatened to issue warrants of arrest on the Director of Department of Petroleum Resources (DPR), the Managing Director National Petroleum Investment Management Services (NAPIMS) over their failures to submit documents before the House joint Committees on Finance, Banking and Currency on the investigative hearing into the alleged 30-billion-dollar annual revenue leakages by multinational oil companies.

Other companies and agencies expected to present documents before the joint committees are: PAN Ocean Oil Nigeria Ltd, Statoil Company Ltd, Shell Nigeria Exploration and Production Company Ltd, Pipeline and Product Marketing Company (PPMC), Addax Petroleum Development Company Ltd, Chevron, Sterling Oil Exploration, Heritage Oil exploration and a host of others.

This was made known by the chairmen of both committees on Finance, Hon James Faleke and Banking and Currency, Hon Victor Nwokolo on Tuesday.

Hon Faleke told newsmen in Abuja that several letters have been written to the affected agencies and organisations which were not honoured and without any genuine excuses.

According to him, the multinational companies are also being of alleged tax evasion, malpractices, misuse and diversion of foreign exchange allocations amongst others.

“The joint committees have given the organisations seven days to furnish the committee with details of documents required or face arrest in line with the constitutional provision.”

Recall that the House at plenary on March 5, 2020,

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

Court Threatens To Revoke Shehu Sani’s Bail
The Federal High Court, Abuja, Monday, said it would revoke the bail granted Senator Shehu Sani if he fails to appear in court on the next adjourned date for the trial of the two-count criminal charges preferred against him by the
Economic and Financial Crimes Commission… Read Full Story

Buhari Appoints New Chief Personal Security Officer
President Muhammadu Buhari has approved the appointment of Deputy Commissioner of Police (DCP), Aliyu Abubakar Musa, as his Chief Personal Security Officer (CPSO). He replaces Commissioner of Police (CP) Abdulkarim Dauda, who was recently redeployed… Read Full Story

APC: Buni-Led Caretaker Committee Promises True Reconciliation
As part of measure to make progress on its mandate in reconciling all factions in the ruling All Progressives Congress, the Governor Mai Mala Buni-led committee has promised to embark on genuine reconciliation of all party leaders and members ahead of the planned convention… Read Full Story

NITDA Can Finance Nigeria’s Annual Budget ―Reps Public Account
The House of Representatives says the National Information Technology Development Agency (NITDA) has the wherewithal to finance the country’s annual budget if given the necessary environment… Read Full Story

No Fee Is Charged For NIS Recruitment ― CG
The Nigeria Immigration Service (NIS) has warned applicants against patronising fake recruitment sites as no fee was charged for NIS recruitment. The Comptroller General, NIS, Mr Muhammad Babandede, gave the warning in a statement by the Service Public Relations Officer (SPEO), Mr Sunday James… Read Full Story

Inside Ibadan Slums Where Water Scarcity, Open Defecation Thwart Efforts At Ending COVID-19 Pandemic
Ibadan, Nigeria’s third most populous city, wears rusted zinc-roof like a royal hat. Weak bricks, cracked and patchy walls are strewn all about the outskirts of the city. The waft of open sewage soaks the air… Read Full Story

Buhari To Perform Virtual Flag-Off Of Ajaokuta-Kaduna-Kano Gas Pipeline Tuesday
President Muhammadu Buhari will on Tuesday, conduct a virtual flag-off of the 614km Ajaokuta-Kaduna-Kano Gas Pipeline construction project, the Nigerian National Petroleum Corporation (NNPC) has said… Read Full Story

Whistleblower Allegation Of $1bn In Unity Bank Account False ― NPA
The Nigerian Ports Authority (NPA) has refuted claims that it has an account containing $1bn in Unity Bank Plc. In a statement signed by the General Manager, Corporate and Strategic Communications of the NPA, Jatto Adams, the agency said that the account number being peddled in public glare by the whistleblower… Read Full Story

COVID-19: Over 2 Million Transport Workers In Critical Condition —Wabba
The President, Nigeria Labour Congress (NLC), Comrade Ayuba Wabba, has cried out that over two million of the congress affiliate members in the road transport sector are worst hit by the effect of the COVID-19 lockdown; and are in critical condition, dying in silence… Read Full Story

EDITORIAL: The Demolition Of Nigeria’s High Commission In Ghana
A Ghanaian citizen recently attacked the Nigerian High Commission in the country, demolishing a part of it. Expectedly, the action caused ripples in the diplomatic circles, with some observers wondering what such an action portended for the relationship between Nigeria and Ghana, which was until then presumably chummy… Read Full Story

Ending The Cable Tv Profiteering
It was like a movie, watching the proceedings of the Ad Hoc Committee set up by the House of Representatives, to probe the hike of subscription rates by cable television service providers. The Chairman of the said Committee, Hon Unyime Idem, took me back to my Aluta days at Obafemi Awolowo University… Read Full Story

mandated its joint Committees on Finance to conduct a public hearing to ascertain the abuse of billions of dollars in foreign allocation to companies for the purpose of payment of foreign vendors, the various originating documents maintained by Central Bank of Nigeria (CBN), deposit money banks, forex dealers, Federal Inland Revenue Services (FIRS) and other beneficiary companies.