Oil Probe: Reps Panel Flags Infractions, Gives Firms Two Weeks to Submit Documents

By Mercy Gadia Adi

 

The House of Representatives Ad-Hoc Committee investigating pre-shipment inspection of crude oil exports and alleged non-remittance of proceeds on Tuesday said it had observed infractions in the sector but declined to disclose details, describing the probe as still at an early stage.

 

Chairman of the committee, Hon. Seyi Sowunmi, stated this shortly after the panel’s first public hearing held at the National Assembly Complex, Abuja.

 

Sowunmi said the committee’s engagement with pre-shipment inspectors revealed that many of the invited entities made only partial submissions, prompting the panel to demand further documentation within two weeks.

 

“This is the first hearing of the committee, and we interacted with the pre-shipment inspectors. We observed some infractions in the sector, but I cannot disclose that at this moment,” he said.

 

According to him, it was premature to draw conclusions as the investigation has only just commenced.

 

He added, “It is too early to say. Most of them came and gave partial submissions. The committee has asked them to bring the rest of the documents within the next two weeks.”

 

The lawmaker explained that the panel adjourned the hearing to allow for further engagement with relevant government agencies expected to appear before the committee.

 

“Tomorrow is another day to engage with the relevant government agencies involved in these sectors. That is what the adjournment is for, and we are taking off from there,” he said.

 

Earlier in his opening address at the hearing, Sowunmi said the probe was aimed at establishing facts surrounding the pre-shipment inspection framework and concerns over possible revenue leakages from crude oil exports.

 

He stressed that the committee was not on a witch-hunt but would be guided strictly by evidence, adding that transparency should not alarm legitimate operators.

 

The chairman warned that attempts to mislead the committee, conceal information, or obstruct the investigation would be treated seriously within the powers of the legislature.

 

He assured stakeholders of fairness, noting that every institution and operator would be given the opportunity to clarify its processes and respond to issues raised.

 

The committee is expected to continue its engagements with key government agencies and industry players as part of efforts to strengthen Nigeria’s export monitoring system and improve accountability in the crude oil value chain.

 

Leave a Reply

Your email address will not be published. Required fields are marked *