N6TRN REVENUE LEAKAGES: Reps issue 1-week ultimatum to Shell, Chevron, Mobil, others to turn in vital info

The ad hoc committee of the House of Representatives investigating alleged revenue leakages in the Department of Petroleum Resources (DPR) Tuesday issued a one-week ultimatum to Shell to submit documents covering gas flaring penalties.

Other International Oil Companies (IOCs) who were also on the list included ExxonMobil, Agip Oil, Chevron and Total.

Recall that the Chairman of the Committee, Jarigbe Agom Jarigbe, had last week stated that the sum of N6 trillion had been lost to revenue leakages between 2016 and 2017.

The committee said the loss was largely due to DPR’s inability to exert itself as a regulatory body in the petroleum industry, allowing IOCs the opportunity to disregard their financial obligations.

Read also: Senate leaks damning report indicting NNPC, FIRS, Customs, others

“Let them (IOCs) know that we’re giving them one week to provide the details on those revenue items. We will send them letter and they should respond within one week”, Jarigbe said.

The committee also invited the Central Bank of Nigeria (CBN), Duke Oil, the Federal Inland Revenue Service (FIRS), the Minister of State for Petroleum Resources, Ibe Kachikwu, and the Nigeria Products Marketing Company (NPMC).

It revealed that so far, only NPMC had responded amongst those invited.

It therefore vowed to invoke the relevant sections of the constitution to force the companies to obey the invitation.

 

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