Home Business $30million debt: Agip, NNPC to appear before reps committee

$30million debt: Agip, NNPC to appear before reps committee

by Kunle Awosiyan
House of Reps

The Nigeria National Petroleum Corporation, Nigeria Agip oil Company, NCDMB, DE COON Services Limited alongside other JV Partners have been scheduled to appear before the House Committee on Petroleum upstream next week.

The Chairman of the committee, Musa Adar (APC-Sokoto), made the announcement while briefing journalists in Abuja.

Recall that DE COON Services Limited had petitioned the House, accusing Nigeria Agip Oil Company (NAOC) of refusing to pay over $30 million and N70m accrued outstanding bills for engineering jobs executed in a contract it won via tender for the company since 2014, amongst other infractions that are inimical to the terms contained in the contract.

The committee had on July 29, 2020 summoned NAOC, NNPC and Oando, (the other JV partners) to appear on Wednesday August 12th to explain the discrepancies and their roles in the allegations, however, NCDMB (Nigeria Content Development Management Board) who were named in the petition had honoured the committee’s invitation for Wednesday 12th August, and its officers were present at the hearing. But NNPC, Agip oil company among others failed to show up.


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