A Review of the Nigerian Energy Industry

House summons NNPC, Conoil, 498 firms over N1.4tr waivers

House-of-Rep03 February 2014, Abuja – The House of Representatives Committee on Customs and Excise will soon commence investigations of the Nigeria National Petroleum Corporation (NNPC), Oando and 498 companies allegedly granted waivers totaling N1.4 trillion by the federal government between 2009-2013.

All the companies have been summoned via a letter, dated January 27 and signed by the committee chairman, Sabo Nakudu (PDP, Jigawa), a sample of which was obtained by THISDAY.

Nakudu also wrote another letter, dated January 23, to the Coordinating Minister of the Economy (CME) and minister of finance, Dr Ngozi Okonko-iweala that as his committee is poised to carry out a comprehensive investigation into the granting of waivers and exemptions within the same period, her ministry should desist from such practice not favoured by law.

– This Day

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