The lawmaker explained that the committee was mandated by the House of Representatives to investigate the award of all OPLs and OMLs granted to oil companies by the federal government, to, among other things, ascertain whether due process and guidelines for the acquisition of oil and gas assets were complied with.
Browsing: Mr. Godwin Emefiele
“The minister added that these financial abuses have been going on for a decade, whereby the agencies hide revenues that ought to go into the Federation Account,” Obiano said.
In the interview, Africa’s richest man, Dangote, had suggested the sale of the NLNG in order to augment the current revenue shortfall as a result of economic recession.
“We fully understand that monetary policy alone is not sufficient to bring about desired economic growth,” Buhari told a meeting of African central bank governors in Abuja.
MPC members also called on the Federal Government to fast track the implementation of the 2016 budget and drew attention to the depressing implication of non-payment of salaries.
Adeosun met international investors in June on a non-deal roadshow in London as Africa’s biggest economy explores fund-raising options to finance a record budget deficit.
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