09 March 2016, Abuja – The Senate on Wednesday, directed the Minister of State for Petroleum Resources, Ibe Kachikwu, to appear before it over the unbundling of the Nigerian National Petroleum Coporation.
Kachikwu, who also doubles as the Group Managing Director of the NNPC, was asked to appear before the Senate Joint committees on Petroleum Resources ( Upstream, Downstream and Gas), to explain the Federal Government’s action.
A letter signed by the Chairman, Senate Committee on Petroleum Resources ( Upstream ), Tayo Alasoadura, and sighted by our correspondent on Wednesday evening, noted that the senate was shocked at the news of unbundling the NNPC.
The letter read in part, “Shocked by the announcement in disbelief, three committees overseeing the industry wish to invite the Minister to appear before them to brief them of this critical decision in a meeting schedule Thursday.”
Alasoadura said that the action was taken “without recourse to the Act establishing the NNPC and approval by the Senate of Nigeria.”
Senate Leader, Ali Ndume, also told journalists in Abuja that the announcement of the unbundling of the corporation had generated issues that the senate was looking into.
Ndume said, “We will call the leadership of the NNPC to brief us about what is happening. The announcement has generated issues that the Senate is very much interested in.
“At the end of the day we will see exactly what happened. But we want the leadership of the NNPC to come and brief us.”