Senate Committee Unveils Schedule for NEITI Audit Hearings
The Senate Committee investigating the Nigerian Extractive Industries Transparency Initiative (NEITI) audit reports has released the timetable for its public hearings, with key government agencies and oil companies expected to appear before lawmakers.
According to the committee, the hearings, which begin on August 3 at the National Assembly Complex in Abuja, will focus on issues raised in the audit reports, with the aim of blocking revenue leakages, strengthening revenue collection and promoting transparency and accountability in the management of Nigeria’s petroleum resources.
On August 3, the committee will hear from NEITI, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Central Bank of Nigeria (CBN) and the Niger Delta Development Commission (NDDC).
On August 4, the Office of the National Security Adviser, the Nigerian Investment Promotion Commission (NIPC), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) are expected to appear.
The Nigerian National Petroleum Company Limited (NNPCL), the Joint Development Authority and the Ministry of National Planning will appear before the committee on August 5.
The hearings will continue on August 6, with the Nigeria Revenue Service, the Office of the Accountant-General of the Federation, the Office of the Auditor-General for the Federation and the Ministry of Petroleum Resources scheduled to present their submissions.
Other agencies invited include the Office of the Surveyor-General of the Federation, the Federation Account Allocation Committee (FAAC) and the Federal Ministry of Finance.
The committee has also summoned several indigenous and international oil firms, including Seplat Energy, Aradel Energy, Famfa Oil, TotalEnergies EP Nigeria, Oando, Chevron Nigeria, CNOOC Exploration and Production Nigeria Limited, Conoil Producing, Mobil Producing Nigeria Unlimited, Esso Exploration and Production, Shell Nigeria Exploration and Production Company, Aiteo Eastern E&P, Midwestern Oil and Gas, Pan Ocean, ND Western, Platform Petroleum and Neconde Energy, among others.
Committee Chairman, Senator Ibrahim Dankwambo, directed all invited organisations to be represented by their chief accounting officers and technical officials familiar with the issues raised in the NEITI audit reports.
