The Nigerian Senate has constituted an ad hoc committee to probe N11.35 trillion spent in 13 years on rehabilitation of Nigerian moribund refineries.
The sum includes $592, 976, 050.00, €4, 877, 068.47 and £3, 455, 656.93.
The Senate also mandated the committee to interrogate the Ministry of Petroleum Resources, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian National Petroleum Corporation Limited (NNPCL) and the Bureau of Public Enterprises (BPE) on the best approach to commercialise state-owned refineries.
Deputy Senate President, Barau Jibrin (APC, Kano North) who presided over the plenary, named Senator Isah Jibrin (Echocho, APC – Kogi East) as the chairman of the committee.
Other members are chairmen of the committees on Petroleum Resources (Downstream, Upstream and Gas), Finance, Appropriation, and Public Accounts.
He mandated the panel to submit its report within four weeks.
