The Public Accounts Committee (PAC) of the House of Representatives has vowed to ensure that the Nigerian National Petroleum Company Limited (NNPCL) and other petroleum companies indicted in the 2023 and 2024 Auditor-General’s Report account for the N432 billion allegedly owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The committee said it would investigate the matter to establish the circumstances surrounding the outstanding debts and would require the affected entities to provide relevant records and information.
The committee chairman, Bamidele Salam, stated this in a statement on Wednesday announcing the commencement of the panel’s sitting.
Mr Salam urged all relevant authorities and companies invited by the committee to appear before it and provide the necessary documents.
“Chairman of the Committee, Representative Bamidele Salam, said the Committee would ensure that all relevant entities account for their obligations and provide the necessary records to enable Parliament to establish the circumstances surrounding the outstanding debts.
