Senate vows to expose economic saboteurs in petroleum sector

The Senate has pledged to expose and bring to book individuals and entities responsible for economic sabotage in the petroleum sector, including those behind the importation of toxic fuel into Nigeria.

The Senate Ad-Hoc Committee on Economic Sabotage in the Nigerian Petroleum Industry made this assertion at a press conference in Abuja on Thursday.

Chairman of the Committee, Senator Opeyemi Bamidele, emphasized the gravity of the task, citing threats to economic prosperity, fiscal stability, and public health.

He said the committee was determined to unravel the roots of sabotage and make recommendations to promote global best practices, attract investments, and protect national interests.

He said, “We are taking this task seriously with a view to addressing fundamental issues that pose grave threats to our economic prosperity, fiscal stability, and public health as a federation.

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“In line with our mandate, we will definitely unravel the roots of economic sabotage in Nigeria’s petroleum industry and make necessary recommendations that will entrench global best practices in the industry and open it up for more investments, especially in the midstream and downstream sectors.

“We are utterly committed to this mandate. We shall also carry out this national assignment without fear or favour.”

Bamidele assured that the committee would conduct its investigation without fear or favor, ensuring fairness and justice for all parties involved.

He added, “We shall be fair and just to all parties with a view to promoting and protecting the strategic national interests of our fatherland.”

This move signals a significant step towards addressing the longstanding challenges plaguing Nigeria’s petroleum industry and holding accountable those responsible for the toxic fuel scandal.

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