* Orders company to appear within two weeks
Sunday Aborisade in Abuja
The Senate has commenced an investigation into the alleged non-remittance of statutory contributions running into $71.65 million and N30.7 billion by an international oil company to the Niger Delta Development Commission (NDDC), warning that persistent defaults are undermining development efforts across the oil-producing region.
The Senate Committee on the NDDC, which opened the investigative hearing in Abuja, also directed the company at the centre of the petition to appear before it within two weeks.
The panel also requested the commission to submit a comprehensive list of all international oil companies (IOCs) with outstanding statutory remittances.
