Senate Sets Up Ad Hoc Committee To Investigate $3.5bn NNPC Subsidy
Nigerian Senate

The Nigerian Senate on Tuesday said it has set up an ad hoc committee to investigate the use to which the sum of $3.5bn alleged subsidy was put.

The upper legislative chamber disclosed this in a tweet on the micro-blogging site, Twitter a few minutes ago.

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The tweet reads: “Senator Bassey Akpan cited Orders 43 and 95 and drew the attention of the Senate to the various emails and complaints from the general public on the unauthorised withdrawal of $3.5bn by NNPC from the NLNG account,” the Senate added

“I ask that the Senate Committee on Gas immediately investigate this matter,” Senator
Bassey Akpan said; while Senator Emmanuel Paulker urged that “The ad hoc committee that was set up should carry on with their work, while the Committee on Gas should also investigate the matter.”

Concise News reports that the development is coming after the  Nigerian National Petroleum Corporation (NNPC) denied reports that it has in its custody $3.5bn Subsidy fund.

NNPC Group General Manager, Group Public Affairs Division, Ndu Ughamadu, stated this in a statement last week Thursday.