Nigeria: Senate Gives Seplat Energy, Others 48-Hour Deadline
The Senate warned of legislative sanctions after companies missed repeated invitations and said Dubri Oil disputed a $3.025 million debt flagged in NEITI reports.
- On Tuesday, the Senate Public Accounts Committee issued a 48-hour ultimatum to Seplat Energy, Network E&P Nigeria Ltd., All Grace Energy Ltd., and Aradel Energy Ltd. to address audit queries from the Nigeria Extractive Industries Transparency Initiative .
- This directive follows the companies' failure to attend Tuesday's investigative hearing in Abuja to answer queries regarding the 2021, 2022, and 2023 NEITI Oil and Gas Industry Audit Reports.
- Citing Sections 88 and 89 of the 1999 Constitution, Senator Abdul Ningi and Senator Shehu Kaka Lawan emphasized the National Assembly's power to summon individuals and organizations for public explanations.
- Dubri Oil Company Ltd. appeared before the committee, defending a reported $3.025 million debt as a reconciliation issue with the Nigerian Upstream Petroleum Regulatory Commission that has since been resolved.
- Absent firms face a Thursday deadline to appear, or they risk the full invocation of legislative powers against them as the committee reviews audit findings.
11 Articles
11 Articles
Senate gives Seplat Energy, others 48-hour deadline
The Senate’s action followed the companies’ failure to attend Tuesday’s investigative hearing in Abuja to answer audit queries contained in reports reviewed by lawmakers. The post Senate gives Seplat Energy, others 48-hour deadline appeared first on Premium Times Nigeria.
NEITI Audit: You have 48hrs to appear for probe - Senate to four oil companies
The Senate, through its Public Accounts Committee, on Tuesday gave Seplat Energy, Network E&P Nigeria Limited, All Grace Energy Limited and Aradel Energy Limited 48 hours to appear before it over queries raised against them in the 2021, 2022 and 2023 audit reports by the Nigeria Extractive Industries Transparency Initiative, NEITI. The companies were directed […] NEITI Audit: You have 48hrs to appear for probe – Senate to four oil companies
NEITI report: Senate gives Seplat, three others 48-hour ultimatum
— Dubri Oil denies $3.025m royalty, gas flare debts By Henry Umoru ABUJA — The Senate has given Seplat Energy, Network E&P Nigeria Limited and two other oil companies 48 hours to appear before it and respond to issues arising from the Nigeria Extractive Industries Transparency Initiative (NEITI) Oil and Gas Industry Audit Reports for […] The post NEITI report: Senate gives Seplat, three others 48-hour ultimatum appeared first on Vanguard News.
“Sections 88 And 89 Empower Us To Summon Any Organisation” — Senate Gives Seplat, Network E&P, Other Oil Firms 48 Hours To Answer NEITI Audit Queries
The Senate Public Accounts Committee has given Seplat Energy, Network E&P Nigeria Limited, Aradel Energy Limited and All Grace Energy Limited 48 hours to appear before it and respond to queries raised in the 2021, 2022 and 2023 audit reports of the Nigeria Extractive Industries Transparency Initiative. The committee, chaired by Senator Ibrahim Hassan Dankwambo, issued the ultimatum following the repeated failure of the companies to honour its in…
Senate Gives Seplat, Three Oil Firms 48 Hours to Respond to NEITI Audit Queries
The Senate Public Accounts Committee has issued a 48-hour ultimatum to Seplat Energy and three other oil companies to appear before it and respond to queries raised in the Nigeria Extractive Industries Transparency Initiative (NEITI) audit reports for 2021, 2022, and 2023.The committee, chaired by Senator Ibrahim Hassan Dankwambo, expressed concern over the repeated failure of the companies to honour its invitations. It warned that the firms ris…
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