Reps Panel Summons CEOs Of Cater Oil, IBG, Others Over Missing Petroleum Products

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Abuja – Managing Directors and Chief Executive Officers of Carter Petroleum Ltd and Energy Network IBG Ltd have been summoned by the House of Representatives adhoc committee on Review of Pump Price of Petroleum to appear in its next sitting to give explain on the whereabouts of missing petroleum products traced to them.‎

The adhoc panel led by Hon. Raphael Nnanna Igbokwe (PDP, Imo) said everyone who was invited by the committee had cases to answer, urging those involved to show transparency and honesty in responding to their questions.

Igbokwe said: “The reason why we called you is because we are tracking some products, it is not right to shave a man’s hair behind his back.”‎

The lawmaker dislcosed to the oil firms the level of their culpabality flowing from available records before the committee which show that they were engaged in various forms of transactions from which they are expected to pay some funds to government but to no avail.

The committee also observed that some oil companies gave fake office addresses which calls for questioning of their credibility.‎

Prior to the summon, the committee which interfaced with some of the companies under probe expressed displeasure in the habit by CEOs to send low level officers to hearing of which subject matter can only be handled by CEOs.

Mr. Lanre Alabi had announced his appearance on behalf of Stars Energy Ltd, saying that he received a text late, the previous evening and had to come and find out why they were being summoned by the panel.

The story was also the same with Mrs. Okoye Ifeoma of Dutch Masters Ltd and Adeola Adeleko of T-Time Petroleum who said they also got the information via a text message and a phone call from somebody at the PPMC.

Members who frowned at the practice of sending junior officers to appear before the panel when the CEOs were requested to make such appearances demanded that the hearing be put off for the CEOs to be summoned.‎

They noyed that there are infractions that have been committed by the companies for which only the CEOs can answer to.‎

Ruling on the motion, the committee chairman, Hon. Igbokwe ordered that the companies make available all records and certificates issues to them in all their transactions before the next adjourned date which is yet to be announced.

The post Reps Panel Summons CEOs Of Cater Oil, IBG, Others Over Missing Petroleum Products appeared first on Independent Nigeria.

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Author: Ahmed Musa