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Senate to investigate NNPC, NAOC secret bank account

By Mayowa Okekale, Abuja on 21/02/2018

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•Motion sponsor, Senator Dino Melaye
•Motion sponsor, Senator Dino Melaye


The Senate has mandated its Committee on Public Accounts to investigate the activities of Nigerian National Petroleum Commission and one other.

This followed a motion raised by lawmaker representing Kogi West, Senator Dino Melaye, who explained on the floor of the upper chamber during plenary on Tuesday, that there is a need for the Senate to investigate the accounts of NNPC/Nigerian Agip Oil Company (NAOC) IPP Security Account.

Another lawmaker, Senator Sam Anyanwu, supported the motion.

According to Melaye, “The clandestine account is opened with the name NNPC/Nigerian Agip Oil Company IPP Security account, with address NNPC Garki, Herbert Macaulay Way domiciled in First Bank Nigeria Plc with account number 2006367288.”

He indicated that “the opening balance is N31,704,807,979.2 with a closing balance of N334,423,738,086.4 as at 25th April, 2017” and “there has been listening and withdrawals since January 2017.”

Melaye, however, asked the senate committee to find out “the objectives of the account, the signatories to the account,” and whether the account is known to the Federal Government and what are the sources of the accounts fund.

The committee was asked to present the report within four weeks.


Source News Express

Posted 21/02/2018 02:30:38 AM


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