BREAKING NEWS
Breaking

728x90

.

468x60

Senate panel issues 72-hour ultimatum to CBN, NUPRC, NDDC, NEITI over absence from audit hearing


The Senate Committee on Public Accounts has given the Central Bank of Nigeria (CBN), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Niger Delta Development Commission (NDDC), the Nigeria Extractive Industries Transparency Initiative (NEITI), and other defaulting agencies 72 hours to appear before it over their failure to honour previous invitations to respond to audit queries.

 

The absence of the agencies on Monday stalled the commencement of the committee’s special legislative oversight and public hearing on the NEITI oil and gas industry audit reports for 2021, 2022 and 2023.

 

The hearing was convened to examine the audit reports submitted by NEITI, which contain details of the operations, revenues, payments, remittances and financial obligations of stakeholders in Nigeria’s oil and gas industry.

 

The committee is also expected to assess compliance by ministries, departments and agencies (MDAs), government-owned enterprises, regulatory bodies and oil and gas operators with the constitution, the NEITI Act, the Fiscal Responsibility Act, financial regulations and other laws governing the extractive sector.

 

 

More than 50 public institutions and oil and gas companies were invited to appear before the committee between August 3 and August 25.

 

However, officials of the CBN, NUPRC, NDDC and NEITI failed to attend Monday’s opening session and did not provide any formal explanation for their absence.

 

Ibrahim Dankwambo, chairman of the committee, said the hearing was organised to reduce the backlog of pending audit matters and strengthen the senate’s oversight responsibilities.

 

 

“We scheduled this hearing in order to reduce the volume of work before the national assembly and to promote and enhance our oversight responsibilities as members of the national assembly,” Dankwambo said.

 

“Letters were issued, invitations were sent, and s were placed in at least three national newspapers. Yet, more than one or two hours after the meeting was scheduled to begin, our guests have still not arrived.”

 

‘IT’S BECOMING EMBARRASSING’

 

Babangida Hussaini, senator representing Jigawa north-west and member of the committee, described the agencies’ absence as disrespectful to the national assembly and Nigerians.

 

 

“It is a distraction to the institution of the national assembly for any agency, by whatever name or designation, to refuse to appear and answer audit queries that have been validly raised,” he said.

 

“I think Nigerians deserve better. Public funds have been expended, yet accounting for audit queries has become a problem.”

 

Hussaini said members of the committee had cut short their recess and constituency engagements to attend the hearing.

 

“This committee needs to take drastic action. It is becoming embarrassing,” he stated.

 

 

“We have been here for over one and a half hours. There has been no formal notification. The agencies expected to appear have not shown up, and we are beginning to hear excuses.

 

“I think this committee is being taken for granted, and by extension, Nigerians are being taken for granted. The institutional integrity of the senate is being undermined.”

 

 

Patrick Ndubueze, senator representing Imo north, stated that the agencies did not deserve a second opportunity after failing to honour the invitations without explanation.

 

“It is unfortunate that we have all cut short our holidays and travelled from our various homes to be here, only to be waiting for people who are supposed to account for public funds,” he said.

 

 

“If the senate of the Federal Republic of Nigeria invites the head of an agency and the person fails to appear, then something is fundamentally wrong.

 

“I want to lend my voice that we should invoke the proper constitutional powers and deal with this matter appropriately—without hesitation, pretence, or favour.

 

 

“The proper consequences should follow. This is disgraceful to the nation of Nigeria.”

 

Nasiru Zangon-Daura, senator representing Katsina north, also criticised the agencies for failing to communicate with the committee.

 

“This reflects the level of commitment of government agencies in this country,” he said.

 

“No letter was written. No excuse was offered. No representative was sent to appear before the committee to explain why the chief executives could not attend.

 

“They do not deserve this level of consideration. I support the majority decision because it protects the integrity of this institution.”

 

Following deliberations, the committee adopted a motion by Zangon-Daura directing the affected agencies to appear before it on Thursday.

 

Announcing the resolution, Dankwambo said the agencies had been given a final 72-hour ultimatum.

 

“After consultation, we have agreed to move their appearance to Thursday, August 6, 2026, unfailingly, so that we can continue our legislative action,” he said.

 

He warned that any agency that failed to honour the rescheduled invitation could face sanctions under the provisions of the 1999 Constitution and the senate standing orders.

 

Before adjourning the session, Dankwambo directed the committee secretariat to formally notify the affected agencies of the committee’s decision.

 

“Please ensure that you contact the affected agencies and communicate how members of this committee feel,” he said.

 

“Also let them know that this committee and the national assembly may invoke their constitutional powers if the agencies fail to appear on Thursday, August 6, 2026.”

 

The committee is expected to continue the public hearing on Tuesday with appearances by the office of the national security adviser (ONSA), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), the Nigerian Investment Promotion Commission (NIPC), and other invited agencies.

Click to signup for FREE news updates, latest information and hottest gists everyday


Advertise on NigerianEye.com to reach thousands of our daily users
« PREV
NEXT »

No comments

Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)

Advert Enquires - Reach out to us at NigerianEye@gmail.com