December 3, 2023
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Speaker of the House of Representatives, Honourable Tajudeen Abbas

Reps c’ttee set to lay report of NNPC acquisition of OVH Energy

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By Femi Ogunshola

The House of Representatives ad hoc committee investigating alleged fraudulent acquisition of OVH Energy by the Nigerian National Petroleum Corporation (NNPC) Ltd is set to present its report to the House.

This is contained in a statement by the Chairman of the ad hoc Committee, Rep. Hassan Nalaraba, who spoke after the oversight function/facility tour of OVH Energy assets acquired by NNPCL in Lagos State.

Nalaraba assured Nigerians  that the committee’s report would reflect its findings and recommendations.

Some of the assets inspected by the committee according to him include: Storage facilities located at Apapa Terminal 1, Ikeja Aviation Terminal, Parking Store/Warehouse located in Apapa,

Others are the  ASPM Jetty at Admiralty Channel, among others.

He said some of the assets seen by the committee are: 6 million litre for AGO, 23 million litre storage for PMS, ATK, among others

He also listed storage Tanks, former OVH head office, 17 million litre Lubricant Blending Kettle located within the lubricant Plant, Jetty, among others.

He quoted Mr Dipo Makinde, who conducted members round the facilities as informing  informed them that NNPC retail had Drum Production Plant in Kaduna State.

Makinde reiterated the resolve towards gaining more from the value chain, with the expectation of growing dividends up to 80 per cent that would go into the Federation Account.

He assured members of the committee that NNPC retail is gradually drawing down on the usage of Oando brand.

He also assured the committee that necessary measures had been put in place to ensure safety of all the equipment within the plants.(NAN)

Edited by Sadiya Hamza

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