Tuesday, August 16, 2022
HomeEconomyOando, AA Rano, others deny receiving Fuel Subsidy payments

Oando, AA Rano, others deny receiving Fuel Subsidy payments

Oando Plc, AA Rano, Sahara Energy Resources, and Hyde have all denied involvement in fuel subsidy payments before the House of Representatives ad hoc committee investigating the subsidy regime.

The oil companies said they only lifted crude oil and we’re not part of the subsidy paid by the Nigerian National Petroleum Company (NNPC) Ltd.

The representatives of the companies took turns explaining contract deals with the NNPC Ltd. in Abuja after being quizzed by the lawmakers.

Rep. Mustapha Aliyu, the Chairman of the Committee, said some oil companies were in attendance to explain their role in the deal with the Nigerian NNPC Ltd.

Aliyu who read a list containing the name of the individual companies explained that a communication from the Corporate Affairs Commission (CAC), on the request of the committee came back without any information on the affected companies.

He said that committee would write to the embassies of the companies which he said were mostly expatriates to provide the details of the profiles.

Aliyu said there would be questions to answer, adding that the Committee wrote to CAC, requesting the commission to avail it with information on the following companies, about 57 companies.

He said that the committee would also write to their commercial desks of their various embassies if they were expatriates so that they could have their full data.



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