Reps direct NNPC to halt $1.8bn Turn Around Maintenance contract

THE House of Representatives Ad-Hoc Committee investigating
state of the nation’s four refineries on Thursday disclosed that,
the committee has directed the Minister of State, Ministry of
Petroleum Resources, Dr Ibeh Kachikwu and the Group Managing
Director of the Nigerian National Petroleum Corporation, NNPC, Dr
Maikanti Baru to halt the $1.8 billion contract for the Turn Around
Maintenance at the nation’s four refineries.

Briefing newsmen, the Chairman of the committee, Honourable
Garba Datti Mohammed said that House vide resolution no
(HR.173/2017) constituted the ad-hoc committee to ascertain the
viability of continuing investment of public funds on the nation’s
four refineries and allocation of 445,000bpd of crude utilisation
for the same purpose.

According to him, “the committee has commenced action on the
matter and its attention has been drawn on the NNPC’s intention to
spend about $1.8 billion on the TAM of the said four
refineries.

“The committee has communicated to the Minister of State,
Ministry of Petroleum Resources and the Group Managing Director,
Nigerian National Petroleum Corporation, NNPC requesting them to
stay action pending the outcome of the committee’s investigation on
the matter.

“We, therefore, wish to seize this opportunity to seek full
cooperation of the stakeholders and the general public in the
course of the exercise.

“The committee also pleads with Nigerians to be patient with its
activities as it intends to proffer amicable solutions with respect
to the epileptic operations of the four refineries as well as the
perennial scarcity of the petroleum products in the country,” he
stated.

THE House of Representatives Ad-Hoc Committee investigating
state of the nation’s four refineries on Thursday disclosed that,
the committee has directed the Minister of State, Ministry of
Petroleum Resources, Dr Ibeh Kachikwu and the Group Managing
Director of the Nigerian National Petroleum Corporation, NNPC, Dr
Maikanti Baru to halt the $1.8 billion contract for the Turn Around
Maintenance at the nation’s four refineries.

Briefing newsmen, the Chairman of the committee, Honourable
Garba Datti Mohammed said that House vide resolution no
(HR.173/2017) constituted the ad-hoc committee to ascertain the
viability of continuing investment of public funds on the nation’s
four refineries and allocation of 445,000bpd of crude utilisation
for the same purpose.

According to him, “the committee has commenced action on the
matter and its attention has been drawn on the NNPC’s intention to
spend about $1.8 billion on the TAM of the said four
refineries.

“The committee has communicated to the Minister of State,
Ministry of Petroleum Resources and the Group Managing Director,
Nigerian National Petroleum Corporation, NNPC requesting them to
stay action pending the outcome of the committee’s investigation on
the matter.

“We, therefore, wish to seize this opportunity to seek full
cooperation of the stakeholders and the general public in the
course of the exercise.

“The committee also pleads with Nigerians to be patient with its
activities as it intends to proffer amicable solutions with respect
to the epileptic operations of the four refineries as well as the
perennial scarcity of the petroleum products in the country,” he
stated.