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Senate President Bukola Saraki

Foreign Oil Firms Ordered To Submit Gas Flaring Report

* Directs NNPC, LNG To Resolve Alleged N8bn Diversion

Teddy Nwanunobi, Abuja

Senate on Thursday ordered the international oil companies that are operating in the country to submit their various reports on gas flaring before it within one week.

The firms were also directed to furnish the Upper Legislative Chamber with the details of projects and social responsibility activities that they had carried out in their areas of operation, including their environmental impact assessment in those areas also within the same period as above.

The Red Chamber also directed the Liquefied Natural Gas (LNG) to provide evidences of taxes and dividends paid since the end of their tax holiday, according to a Nigerian Extractive Industry Transparency International (NEITI).

It also asked both the Nigerian National Petroleum Corporation (NNPC) and the LNG to resolve the alleged diversion of N8 billion meant to be paid into the federation account.

Chairman, Senate Committee on Gas Resources, Senator Bassey Akpan, who gave the directives at an interactive session with his panel, said that a NEITI report, had indicated that about N8 billion of the LNG money was claimed to have been paid to the NNPC account.

But the report said that the NNPC had not credited the same amount to the federation account.

The NNPC, he said, argued that the LNG had not paid anything to its account.

However, at the interactive session, the NNPC showed in its own figure that the remittances from the LNG was zero.

Akpan, therefore, asked the LNG to go and bring evidences of tax and dividends paid to NNPC.

Akpan expressed dissatisfaction with the non-appearances of top management staff of the IOC at the parley.

“It is worrisome that some  of the IOCs came with their executive directors while others came with their deputy managing directors, while some just came with their staff,” he added.

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