The Nigerian Senate has invited 15 companies including Dangote Oil Refinery, NIPCO Gas Limited, and NIPCO Plc to explain how they spent over N120 billion intervention fund disbursed to them by the Central Bank of Nigeria.
The Senate in a memo to the companies, signed by Senator Jarigbe Jarigbe, Chairman, Senate Committee on Gas, said the companies are beneficiaries of the disbursement from the Nigeria Gas Expansion Program (NGEP) Intervention Fund by the Central Bank of Nigeria (CBN).
The invitation stated that they must appear on Thursday, November 30, in the National Assembly complex.
The memo read, “The following Companies who are Beneficiaries of the Disbursement from the Nigeria Gas Expansion Program (NGEP) Intervention Fund by the Central Bank of Nigeria (CBN) are Invited to an Investigative Hearing with the Senate Committee on Gas;
COMPANY
1. NIPCO GAS LTD – N25billion
2. NIPCO PLC – N5billionHYDE 3. ENERGY LTD – N2billionLEE 4. ENGINEERING AND CONSTRUCTION COMPANY – N15billion
5. PINNACLE OIL AND GAS
6. FZE – N10billion
7. TRANSIT GAS LIMITED – N8billion
8. AMALGAMATED OIL COMPANY NIG, LTD (AMOCON) – N5billion
9. GAS NEXUS LTD – N10billion
10. FIRST MODULAR GAS SYSTEMS LIMITED – N4.3billion
11. NOVAGAS LIMITED – N1billion
12. GREENVILLE LIQUIFIED NATURAL GAS COMPANY – N10billion
13. AP LPG LIMITED – N8billion
14. DANGOTE OIL REFINERY – N5billion
15. DELTA STATE GOVERNMENT – N20billionMOB 16. INTEGRATED SERVICES LIMITED – N2.5billion
“The invited Companies are required to appear with their Progress Reports stating the Location of Projects and the Current Status of the Projects.
The meeting is scheduled as follows; Date: Thursday, 30th November, 2023; Time: 2:00 pm; Meeting Room 107, New Senate Building, National Assembly Complex, Abuja.
