Senate begins probe of Kachikwu’s allegations against NNPC GMD

The Senate has resolved to probe the allegations made by Minister of Petroleum Resources, Ibe Kachikwu against Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru.

What happened:

[Read Also: Publication of confidential letter distressing | Kachikwu reacts to leaked memo to Buhari]

What is happening:

  • The Senate on Wednesday resolved to probe Kachikwu’s allegations while considering a motion on allegations of corruption against NNPC trading.
  • Senator representing Imo East, Samuel Anyanwu said Baru allocated almost all products to Duke Oil.

“Duke Oil as the sole importer of AGO has slowed down the growth of the country’s indigenous companies”.

“Since NNPC owns NNPC trading limited and the refineries, they also shortlist companies that get allocation of products, lifting of crude oil and importation of products thus, giving undue advantage to the in house company, even where it lacks the capacity and requisite requirements to do what it is doing today,” he said.

“The general lack of transparency and level playing field in favour of Duke Oil to lift products without payment as against its competitors in the sector. These have combined to make Duke Oil the highest money earner and at the same time, the highest money waster because of the massive corruption in the way and manner they transact business.”

  • Aliyu Wamakko was appointed the chairman of the ad hoc committee charged with investigating the allegations.

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