The House of Representatives, Federal Republic of Nigeria has expressed displeasure at the absence of companies and agencies before the committee for the investigation of the loss of 60 billion dollars.
The amount is an inflated cash calls by the Nigerian National Petroleum Company Ltd. (NNPCL) Joint Venture Agreements.
The House of Reps Joint Committee on Finance and Petroleum Resources (Upstream) threatened to sanction the companies on Monday in Abuja.
The joint panel, co-chaired by Rep. James Faleke, Chairman, Finance committee and Rep. Alhassan Ado-Doguwa, Chairman Petroleum Resources, committee said chief executive of some companies sent a representatives, some were totally absent.
Ado- Doguwa said the companies who were available made tatty presentation and the committe would not take it lightly with those who try to undermine the constitutional power of the parliament.
He said, “For those who have not come, there were several companies and agencies that were invited, and it’s like they were insensitive to the invitation of this important committee.
“For those who chose to disregard what the parliament is doing here, this committee would not take it lightly with anyone or institution who wants to undermine our power,’’ he said.
He listed some of the companies and agencies involved in the probe include Total Exploration, Shell Petroleum, Agip, Chevron, Oando, Mobil, Pan Ocean, Erotton, Belema, First Exploration, and New Cross Exploration.
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