Senate to investigate money Sspent on refineries’ maintenance since 2010

Despite spending N11.35 trillion on maintaining the country’s moribund refineries, the Senate expressed disapproval of what they perceived to be sabotage of the Federal Government’s efforts to revive the nation’s refineries.

On Tuesday, the Senate passed a resolution ordering the investigation of all contracts for the rehabilitation of all state-owned refineries between 2010 and 2023 by the Committee on Downstream Petroleum.

In order to prevent waste and corruption, the lawmakers also intend to monitor the progress of all refineries’ ongoing construction projects. They also intend to question the Federal Ministry of Petroleum Resources, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian National Petroleum Company Limited (NNPCL), and the Bureau of Public Enterprises (BPE) about the best way to commercialise and/or ensure the profitability of the state-owned refineries. They also intend to invite the NNPCL, NUPRC, and LN.

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Despite spending N11.35 trillion on maintaining the country’s moribund refineries, Channels Television reports that the Senate disapproved of what they saw to be sabotage of the Federal Government’s effort to revive the country’s refineries.

The Senate has also emphasised the urgent necessity for security services to look into the events leading up to the Friday, October 20, bank robbery attack in Otukpo, which left nearly 8 people dead, including 4 police officers. It also demanded an investigation into the factors that contributed to the police’s incompetence and negligence on the day of the attack.

The Senate also observed a minute of silence in remembrance of the deceased victims of the Otukpo bank heist in response to the motion made by Senator Abba Moro (PDP, Benue South).