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Senate postpones public hearing on economic sabotage

By Abbanobi -Eku Onyekachi
Abuja

The Senate has deferred its investigation into the alleged sabotage in the petroleum industry, citing the need for wider consultations with stakeholders whose inputs will add value to the investigative hearing.
This was contained in a statement on Sunday from the Directorate of Media and Public Affairs,
Office of the Senate Leader Sunday.

The upper chamber, also, cited legislative exigencies aimed at further deepening due diligence in the conduct of the investigative hearing as another reason for postponing the hearing.

The Leader of the Senate and Chairman, Senate Ad-hoc Committee to Investigate Alleged Economic Sabotage in the Nigerian Petroleum Industry, Senator Opeyemi Bamidele gave these reasons in a statement on Sunday.

The senate had set up the ad-hoc committee to investigate billions spent on maintaining the nation’s refineries; beam searchlight on the regulatory agencies over payment to transporters and unravel alleged importation of hazardous petroleum products and dumping of substandard diesel into the country.

The ad-hoc committee had concluded its pre-investigation undertakings and held an interactive session with the heads of ministries, departments and agencies (MDAs) as well as some private interests in the downstream and midstream petroleum sector.

After the exhaustive engagement with select MDAs and private oil firms, the ad-hoc committee had subsequently scheduled its investigative hearing for Tuesday, 10th to Thursday, 12th September 2024.

In his statement on Sunday, however, Bamidele explained the decision of the ad-hoc committee to postpone the investigative hearing after due consultation with all its members and key actors in the petroleum industry.

He, further, noted that the ad-hoc committee would communicate a new date for the conduct of the investigative hearing to all the stakeholders in due course.

Explaining the compelling reasons for the deferment, Bamidele noted that the decision for the postponement was taken in the best interest of the federation and its teeming population.

He further explained that the postponement became imperative considering the compelling need “to consult more widely with expanded stakeholders within and without the petroleum industry and legislative exigencies to further deepen due diligence in the conduct of the investigative hearing.“

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