The lawmakers, who noted that the 16-page report did not meet their expectations, lamented that it, however, energized the corruption that was on going in the sector, and not a representation of Senate’s integrity.
Browsing: Senate Committee on Petroleum Resources (Downstream)
“There is a deep-seated conflict of interest in the downstream sector; regulators are operators, regulators are importers, importers are products hoarders, regulators are also saboteurs, definitely we have a sector capture in our hands, Nigeria and Nigerians need liberation,” he remarked.
Commenting on the need for a high-tech Energy Command Centre, Adio noted that, “Yes, it will cost a lot, but look at this: Nigeria lost $4.7bn to oil theft/vandalism in 2013.”
