House Of Reps Reveals Plan To Probe Rehabilitation, Maintenance Of Nation’s Oil Refineries.

 House Of Reps Reveals Plan To Probe Rehabilitation, Maintenance Of Nation’s Oil Refineries.

The House of Representatives has resolved to carry out an investigative hearing as well as a comprehensive audit of funds spent on rehabilitation, repairs and maintenance of Nigeria’s refineries.

This followed the adoption of a motion of urgent public importance by Hon Onfoik Luke (PDP-Akwa-Ibom) at plenary today in Abuja.

Moving the motion, Luke said that there was a need to ensure transparency and accountability in the rehabilitation of the refineries.

He said that this was pursuant to the recent approval of 1.5 billion dollars for the rehabilitation of the 32-year-old Port Harcourt refinery.

Luke expressed concern that NNPC had allegedly spent about 25 billion dollars in turnaround maintenance of the refineries in the past 25 years.

He said previous rehabilitation notwithstanding, the NNPC audit report last year revealed that three of the nation’s four refineries recorded N1.64 trillion cumulative losses in their 2014 to 2018 details.

The House therefore mandated its Committee on Petroleum Resources Downstream to carry out an investigative hearing and conduct a comprehensive audit of the nation’s refineries.

TINU

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