NDDC: NASS issues bench warrant on Atlas, Pan-Ocean, Sheba, Newcross, others
Wed Jun 01, 2016 09:34:am National
2.9K By sosa hills
The National Assembly Joint Committee on Niger Delta Development Commission, (NDDC) on Tuesday issued bench warrant on seven oil companies operating in the Niger Delta region for failure to appear before it to defend clear alleged non-remittance of the statutory funds to the commission.
The lawmakers had accused the management of NDDC of not keeping accurate financial records with remittances from oil companies which has robbed the commission of funds to execute projects in the region.
However, the position of the committee was as a result of revelations from some oil companies that had made frantic efforts to meet with the management of the NDDC to reconcile their accounts.
Oriental Energy Resources specifically told the committee that it had made several efforts to meet with the NDDC since December, 2015 and had written about three letters to the commission to have a meeting to reconcile accounts, adding that it had paid $1 million to pay to the commission for the past six months but NDDC has not given the company audience.
The Chief Technical Adviser to Oriental Energy Resources, Engr Goni Sheikh who disclosed this at the meeting of the Senate and House of Representatives joint committee on NDDC at the Senate wing, Abuja, told the committee that his company paid $18 million to the commission in 2014 and had set aside the $1million only that the commission had failed to schedule a meeting with the company despite several letters sent to its management.
Engr. Sheikh pleaded with the committee to intervene by making the NDDC schedule meeting so as to reconcile all the accounts.
The Chairman of the Senate Committee on NDDC, Peter Nwaoboshi, lamented that those who had represented the NDDC had created the impression that it was the oil companies that were not remitting what they should be remitting to the coffers of the commission.
The lawmakers had accused the management of NDDC of not keeping accurate financial records with remittances from oil companies which has robbed the commission of funds to execute projects in the region.
However, the position of the committee was as a result of revelations from some oil companies that had made frantic efforts to meet with the management of the NDDC to reconcile their accounts.
Oriental Energy Resources specifically told the committee that it had made several efforts to meet with the NDDC since December, 2015 and had written about three letters to the commission to have a meeting to reconcile accounts, adding that it had paid $1 million to pay to the commission for the past six months but NDDC has not given the company audience.
The Chief Technical Adviser to Oriental Energy Resources, Engr Goni Sheikh who disclosed this at the meeting of the Senate and House of Representatives joint committee on NDDC at the Senate wing, Abuja, told the committee that his company paid $18 million to the commission in 2014 and had set aside the $1million only that the commission had failed to schedule a meeting with the company despite several letters sent to its management.
Engr. Sheikh pleaded with the committee to intervene by making the NDDC schedule meeting so as to reconcile all the accounts.
The Chairman of the Senate Committee on NDDC, Peter Nwaoboshi, lamented that those who had represented the NDDC had created the impression that it was the oil companies that were not remitting what they should be remitting to the coffers of the commission.
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