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Subsidy Probe: 23 Oil And Gas Companies Unknown – Reps

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The House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to 2021 has said it does not know the profile of 23 oil and gas companies trading in Nigeria.

The panel is investigating payments made by the Federal Government through the Nigerian National Petroleum Corporation (now Nigerian National Petroleum Company Limited) for the subsidy on Premium Motor Spirit, popularly known as petrol, within eight years.

The Chairman of the committee, Ibrahim Aliyu, at the resumption of the investigative hearing on subsidy payments on Wednesday, stated that the firms had major serious questions to answer.

Aliyu read part of a communication from the Corporate Affairs Commission, in response to the committee’s request for the profile of the companies, said there were no details on the firms.

The lawmaker stated that the committee would be forced to write to the embassies of the countries where the companies are based for information on them.

The communication from the CAC, a copy of which our correspondent sighted, was dated July 13, 2022, with Reference Number RGO/SU/VOL.5/2022/0248 and was signed by one Maimunat Hamu on behalf of the Registrar-General.

It read, “Kindly refer to your letter Ref: NASS/QHR/AHC/PPSRIM1/1H/01/051 dated 1st July 2022, on the subject matter above.

“Please be informed that we could not readily find information on the exact name of the following companies as provided in our record.

“Emadeb Consortium; Britania-U Nig. Limited; Totsa Total Ol Tradings SA; Petroleum Trading Nigeria Limited; Mocoh S.A; Socer Worldwide; Calson Bermuda Ltd; Hyson; Litasco S.A; Mercuria Energy; Cepsa Lubricant; Trafigura Pte; Vitol S.A; Ocanbed Trading Limited; Bonno Energy; West Africa Gas Limited; Petrogas; Matrix; Masters Energy; Amg; Barbedos; Hindustan and Patermina.

“However, you may wish to provide the registration numbers or any other available documents at your disposal to enable us to investigate further.”

An earlier communication from the CAC was referenced NASS/9HR/AHC/PPSR/14/iH/01/051 and dated 1st July 2022, had the list of some of the oil firms under probe by the committee.

They are Heyden Petroleum Limited RC: 433175; Graton Oil Limited KC: 644074; Duke Oil and Gas. Limited RC; 64456145; Matrix Energy Limited RC: 612026; MRS Companies Limited RC: 241,013; Sahara Trade Nigeria Limited RC: 352,443; Essar Exploration And Production Limited RC: 692910; Sahara Group Limited RC: 668626; Rainoil Limited RC: 257,444; Casiva Limited RC: 1091598; Petroleum Trading and Supplies Company Limited RC: 506113.

BIG STORY

Avoid Panic Buying, We’re Not Changing Petrol Prices — NNPCL To Nigerians

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The Nigerian National Petroleum Company (NNPC) Limited says there is no place to change the prices of petroleum products.

In a statement on Thursday by Femi Soneye, its spokesperson, the NNPC asked Nigerians to avoid panic buying.

The national oil firm said the limited availability of petrol in certain regions of the nation is a result of logistical problems.

However, the company said the challenge has been fixed.

“The Nigerian National Petroleum Company Limited (NNPC Ltd.) wishes to clarify that the tightness in the supply of Premium Motor Spirit currently being experienced in some areas across the country is as a result of logistics issues and that they have been resolved,” the statement reads.

“It also wishes to reiterate that the prices of petroleum products are not changing.

“It urges Nigerians to avoid panic buying as there is a sufficiency of products in the country.”

On March 24, the NNPC denied adjusting the pump price of petrol across its retail outlets.

This came after the organisation had promised Nigerians that there would not be any increase in the cost of petrol on February 9.

The NNPC also reaffirmed its commitment to sustaining the current sufficiency in the supply of petroleum products across all its retail stations in the country.

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Former Deputy Governor Agboola Ajayi Wins Ondo PDP Gubernatorial Primary

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A former deputy governor of Ondo, Agboola Ajayi, has emerge winner of the Peoples Democratic Party (PDP) gubernatorial primary election in the state.

Lawrence Ewhrudjakpo, the deputy governor of Bayelsa, who chaired the electoral committee that supervised the poll, announced the results on Thursday in Akure, the state capital.

Ewhrudjakpo said Ajayi scored 264 votes to defeat other aspirants.

“By virtue of the results, Ajayi Alfred Agboola having scored the highest number of votes is hereby declared the winner of this primary and hereby declared the candidate of the Peoples Democratic Party for the November 2024 election and is hereby returned as the candidate,” he said.

Ajayi was the deputy governor of Ondo state from 2017 to 2021.

Kolade Akinjo, who came second in the election scored 157 votes while Olusola Ebiseni polled 99 votes to clinch the third position.

On June 21, 2020, Ajayi, a lawyer and businessman, resigned his membership from the ruling party All Progressives Congress (APC) and joined the PDP.

He cited irreconcilable differences between him and his principal, the late Rotimi Akeredolu, the former governor of Ondo.

He then joined the Zenith Labour Party (ZLP) after losing the PDP gubernatorial primary to Eyitayo Jegede and became the candidate of the party in 2020.

Ajayi had served as a councillor, chairman of Ese-Odo LGA, and house of representatives member before he was nominated by the late Akeredolu as his deputy in 2016.

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Former Senate Spokesperson Ayogu Eze Dies At 66

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Ayogu Eze, a former spokesperson for the Senate, passed away at the age of 66.

Eze, the senator from Enugu North Senatorial District from 2007 to 2015, died on Thursday in a hospital in Abuja following an undisclosed illness.

In May 2023, the Senate confirmed Eze as a federal Commissioner for Revenue Mobilisation Allocation and Fiscal Commission. Eze is also among the founding members of the Peoples Democratic Party.

In his years at the Senate, he also served as the chairman of the Senate Committee of Works and a member of committees on Constitutional Amendment, Police Affairs, National Planning, Marine Transport and Federal Character & Inter-Government Affairs.

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