By Eze Okechukwu, Abuja

The Senate is blowing hot over alleged economic sabotage by stakeholders within the petroleum sector, thus summoning the Minister of Petroleum, Central Bank of Nigeria, Nigeria National Petroleum Company Limited, Nigeria Ports Authority for interrogation.Briefing journalists yesterday at the national assembly, the Leader of the Senate, Senator Micheal Opeyemi Bamidele (APC, Ekiti Central) said that the Senate has set up a 15man ad-hoc Committee with the mandate to unveil the alleged saboteurs in the sector.

Key among the stakeholders in the petroleum sector summoned to appear before the Committee at a public hearing fixed between September 10th to 12th, 2024 are the Minister of State for Petroleum, Senator Heineken Lokpobiri, the Nigerian National Petroleum Company Limited (NNPCL), the Central Bank of Nigeria ( CBN) and the Nigeria Ports Authority ( NPA).Others, according senator Opeyemi were the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian Upstream Petroleum Regulatory Commission ( NUPRC), Nigeria Customs Service, Nigerian Navy, International Oil Companies ( IOCs) , Dangote Group , Capital Oil, Modular Refineries etc.The Committee was set up by the Senate in a plenary on Wednesday, July 3rd 2024 through a resolution adopted after exhaustive debate by the Senators, following a motion sponsored by Senator Asuquo Ekpenyong (APC, Cross River South) on the importation of hazardous products and dumping of substandard diesel into Nigeria.In his speech at the press briefing, Senator Bamidele said: “The rationale for this news conference is pure and simple.”It mainly borders on the alleged economic sabotage in the petroleum industry, including the recent accusations and counter of importation of petroleum products into the country.”Given its consequences on our domestic economy, the Senate under the able leadership of The President of the Senate,Senator Godswill Akpabio, constituted this 15-man Ad-hoc Committee to investigate Alleged Economic Sabotage in the Nigerian Petroleum Industry on July 3, 2024.”Specifically, the Committee as mandated by the Senate would examine the pre-shipment and pre-discharge standard test parameters adopted by the Nigerian Midstream and Downstream Regulatory Authority with a view to uncovering loopholes, if any, being exploited to get toxic cargoes into the country.”Determine the level of compliance of the NNPCL’s Direct Sale and Direct Purchase (DSP) arrangements in line with the provisions of the Petroleum Industry Act, including the extent of transparency and accountability.”Beam legislative searchlight on the activities of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), including payments made to transporters in the last 10 years.”Enquire from the NNPCL the state/status of the 22 depots built by the defunct NNPC to eliminate road distribution of petroleum products.”Engage with stakeholders within the oil and gas industry with a view to identifying possible gaps in regulating and strengthening the surveillance and monitoring structures in place to enable Nigeria to detect violations of best practice standards in the importation of products before they enter into the domestic supply chains.”Also engage with the NNPCL with a view to understanding the extent of its determination and timelines for the start-up of government-funded oil refineries.”Investigate how institutions across the importation and distribution chain failed to conduct quality sampling, shipped in products without auditing, and performedport validations by the Nigeria Customs Service, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian Maritime Administration and Safety Agency, Standards Organization of Nigeria (SON); and Nigerian Ports Authority (NPA).”Consequently, according to senator Opeyemi who is also the Chairman of the 15- man committee, he pointed out that they have resolved to carry out the investigations holistically and thoroughly and has written all the relevant stakeholders in the sector for submission of relevant documents and appearance before it during public hearing, fixed for September 10th to September 12th, 2024.In their separate remarks at the press briefing, all the members of the Committee vowed to unravel the rot in the sector and declared that it will no longer be business as usual.According to them, their integrity is at stake and there would be no room for sacred cows, declaring” that a warrant of arrest would be issued on any head of agency who refuses to honour an invitation for appearance.”Members of the Committee are Senators Asuquo Ekpenyong , Abdullahi Yahaya, Mohammed Momguno, Adeola Olamilekan , Diket Plank , Harry Banigo , Khabeeb Mustapha, Adams Oshiomhole, Jonah Eteng , Adetokunbo Abiru , Osita Izunaso, Sahabi Ya’u Alhaji Abdul Ningi and Ifeanyi Ubah.