Senate Issues 48-Hour Deadline to Four Oil Firms Over NEITI Audit Reports

Four oil companies have been ordered by the Senate to appear within 48 hours to explain findings in recent NEITI audit reports, while Dubri Oil disputes its own debt assessment.

The Senate Committee on Public Accounts has mandated Seplat Energy, Network E&P Nigeria Limited, All Grace Energy Limited, and Aradel Energy Limited to appear before it within 48 hours. These firms must address discrepancies highlighted in the Nigeria Extractive Industries Transparency Initiative (NEITI) audit reports for 2021, 2022, and 2023.

Senator Ibrahim Dankwambo, who chairs the committee, issued this directive after several companies repeatedly ignored prior summons. During the session in Abuja, the committee emphasized that the National Assembly holds the constitutional authority under Sections 88 and 89 of the 1999 Constitution to conduct investigations and summon relevant entities. Senator Abdul Ningi and Senator Shehu Kaka Lawan supported the enforcement, noting that defiance of legislative oversight is unacceptable. Network E&P Nigeria Limited faces particularly firm warnings, with the committee threatening to use its full legislative powers if the leadership fails to show up by Thursday.

Separately, Dubri Oil Company Limited appeared before the panel to challenge claims of owing $3.025 million in royalty and gas flare fees, as suggested by a 2025 report from the Nigerian Upstream Petroleum Regulatory Commission. The company’s representative, Soyode Olusoji Clement, argued that the debt resulted from a past reconciliation error that has already been resolved. The committee has accepted documentation from Dubri Oil and will review the evidence before making a final determination.

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