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Senate investigates N11.35 trillion refineries’ rehabilitation contracts

The Nigerian Senate has formed an ad hoc committee to investigate contracts awarded for the rehabilitation of refineries, amounting to a total of N11.35 trillion over 13 years. This sum comprises $592,976,050.00, €4,877,068.47, and £3,455,656.93.

Additionally, the Senate has tasked the committee with questioning the Ministry of Petroleum Resources, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian National Petroleum Corporation Limited (NNPCL), and the Bureau of Public Enterprises (BPE) regarding the optimal strategy for commercializing state-owned refineries.

Deputy Senate President, Barau Jibrin (APC, Kano North) who presided over the plenary, named Senator Isah Jibrin (Echocho, APC – Kogi East) as the chairman of the committee.

Other members are chairmen of the committees on Petroleum Resources (Downstream, Upstream and Gas), Finance, Appropriation, and Public Accounts.

He mandated the panel to submit its report within four weeks.

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