Senate Threatens Seplat, Three Oil Firms with Legislative Sanctions

• Gives companies 48 hours to appear over NEITI audit queries

•Dubri disputes $3.03m royalty, gas flare debts

Sunday Aborisade in Abuja

Senate Public Accounts Committee (SPAC) on Tuesday gave Seplat Energy Plc, Network E&P Nigeria Limited, All Grace Energy Limited, and Aradel Energy Limited 48 hours to appear before it over queries raised in the 2021, 2022 and 2023 audit reports of Nigeria Extractive Industries Transparency Initiative (NEITI).

The committee, chaired by Senator Ibrahim Dankwambo, warned that failure by the affected oil companies to honour the fresh summons would trigger the full invocation of National Assembly’s constitutional powers.