Business News

Senate draws battle line with NNPC GCEO, Kyari, issues 24-hour ultimatum to appear

The senate has issued a 24-hour ultimatum to the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, to appear before it for 2024 budget defence.

This was made known by the Chairman, Senate Committee on Appropriation, Senator Adeola Olamilekan, on Wednesday, December 6, 2023.

This is not the upper legislative chamber has fallen out with Kyari as they vowed to ensure that the NNPC boss and other top executives of the company are sacked over the N12 trillion allegedly spent on the turn around maintenance (TAM) of the country’s refineries.

Olamilekan, who asked Kyari to appear in company of the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), warned that failure to appear undermines the legislature and sabotages the process.

Olamilekan pointed out that the 2 officials are required to present the list of all individual companies operating with OML licenses in Nigeria as well as total production output approved on a daily basis.

The lawmaker expressed concerns that some of the revenues required to drive the 2024 budget was attributed to the NNPCL, which according to him, was owned by the Federal Government and responsible to it, and by extension the three arms of government.

More to follow…