The Nigerian Senate has mandated its Committee on Public Accounts to carry out thorough investigation into the activities of the operation of an account by the Nigerian National Petroleum Corporation, NNPC/Agip Oil Company.
The resolution was as a result of a motion, titled “Urgent need to investigate NNPC, Nigerian Agip Oil Company’s IPP security account” sponsored by Senator Dino Melaye.
Presenting the motion, Senator Melaye said “the senate noted with concern the operation of an account by the Nigerian National Petroleum Corporation, NNPC/Agip Oil Company.”
He observed that the account opened with the name NNPC/ Nigerian Agip Oil Company IPP Security account with address NNPC Garki, Herbert Macaulay Way is domiciled in the First Bank of Nigeria Plc with number 2006367288.
According to him, “the opening balance (in the account) is =N=31, 704, 807, 979.2 with a closing balance of =N=34, 423, 738, 086.4 as at 25th April, 2017”.
Senator Melaye added that “there have been lodgements and withdrawals since January 2017”.
He, therefore, said that a lot of questions are begging for answers as regards the account, including the objectives, signatories, “whether it is known to the federal government and what the sources of the accounts fund are?
The Kogi state born Legislator insisted that “there is an urgent need to investigate the rationale behind the operation of the account.
In his contribution, Senator Sam Anyanwu while seconding the motion said it has become imperative for the senate to carry out thorough investigation on the operation of an account by the NNPC/Agip Oil Company.
In his remarks, the deputy senate president, Senator Ike Ekweremadu, who presided over Tuesday’s plenary, directed the Committee on Public Accounts to investigate the matter and report back to the senate within four weeks of the assignment.