July 17, 2024

Nigeria: Reps summon NNPC, 3 others over alleged N13B debt, contracts scam


The House of Representatives Committee on Petroleum Upstream has invited the Group Managing Director of Nigeria National Petroleum Corporation, NNPC, Mr. Mele Kyari, heads of Nigeria Agip Oil Company and OANDO over allegations of N13billion owed to Decoon Engineering Company and allegations over involvement in contracts’ fraud.

The companies are supposed to appear before the Committee at the National Assembly, on August 12.

An engineering company operating in the Oil and Gas sector under the aegis of DE COON Services Limited had written a petition to the House of Representatives over several contracts scams and non-payment of the sums of over $30m and N70M owed it by Nigeria Agip Oil Company, NAOC.

The petition states that “This is irrespective of the fact that NAOC has received over 70% of these monies via several cash-calls performed with NAPIMS for this contract but failed to pay the received monies to De Coon Services Limited”.

The Managing Director of the firm, Engr. Nelson Onubogu, in the petition addressed to the Speaker of the House of Representatives, said “The amounts represent only the debt NAOC has refused to issue the required Purchase Orders that would allow the company submit invoices for payment despite the services already provided to NAOC for NAOC’s Oil and Gas production.

Additional $7m is also owed the company for invoices unpaid within the system”.

He alleged that “NAOC who owns 20 per cent share in the Joint Venture (JV) operation with the Federal Government is trying to frustrate and transfer his company’s contracts to it’s Italian, local Contractors and stooges.

The Federal Government (NNPC) owns 60% while OANDO owns the balance of 20%”.

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