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N12tr TAM fraud scandalises Senate

*Accuses the Corporation’s management of collecting money since 2010 that vanishes into thin air

The Senate on Wednesday threatened to recommend the sack and possible imprisonment of the Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, and heads of government agencies in the oil sector over the Turnaround Maintenance (TAM) on which N12 trillion has been spent without tangible results.

The Red chamber of the National Assembly specifically threatened to insist on the sacking of heads of agencies directly involved in the frsudulent TAM of Nigerian refineries.

It also stated that it has records of over $592 million, €4.8 million and £3.4 million spent between 2010 to date on the TAM, without any of the refineries having refined a single drop of crude oil.

The Senate Ad-hoc Committee investigating the various TAM issued the threat during an interactive session with NNPCL management and other executives of the oil sector.

Some of the agencies invited whose chief executive officers failed to show up, but sent representatives, include: Nigerian National Petroleum Company Limited (NNPCL), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and their subsidiaries.

Consequently, the Chairman of the Ad-hoc committee, Sen. Isa Jibrin (Kogi East), noted that so much has been heard on the turnaround, and so much has been spent on operational materials on the refineries without results.

He said, “we will ask for refund and dismissal of all the chief executives involved in the Turn Around Maintenance.”

Jibrin said that for weeks, they have been asking for documents, which have not been given by the oil companies, a development that created suspicions.

Sen. Jibrin added: “We sent them an invitation more than two weeks ago requesting for documents and the documents have not been released after two weeks. So, we want the chief executives to be present.

“More worrisome is that between 2010 and 2020, the sum of N4.8 trillion was said to have been spent as operational expenses.

“How do you incur operational expenses that have to do with purchase of raw materials and similar expenses on factories that are moribund?

“How do we come about operational expenses? We need to know.

“These are issues that Nigerians want to know; they want solutions to all these leakages. We know they are leakages.

“Whether you accept it they are leakages and they are all forms of compromise within your various establishments.

“We know and we will not hesitate to escalate it to the highest possible level, including possibility of refund and outright dismissal of some of the heads of some of these agencies and possibly go to jail”.

Also speaking, at the event, Ses. Yahaya Abdullahi, said representatives of the NNPCL and management of other agencies, who sent representatives should be told in clear terms that their action was unacceptable, noting that representatives were not in a position to answer queries the Senate was demanding answers to.

A member of the panel, Sen. Sumaila Kawu who could not hide his displeasure said, “we are in a very serious business. At the end, you will be at the receiving end.

“Nigerians are not satisfied with what you are doing and you will be at the receiving end.

“We are independent. We can go to any length to defend our people. It is the constitution that entrusted you. So, we must agree on how to operate.

“We will suspend this interaction until you are ready. We have 100 ways which we can achieve our legislative work.

“We just wanted to give you fair hearing and you must respect the constitution.”

On his part, Sen. Danjuma Goje, who asked the representatives whether they are the heads of the agencies, added that they deal with heads or Chief Executives and not people who have been sent.

They were, however, given till next week Tuesday to submit the documents before the meeting with the Chief Executive.

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