Connect with us

Hi, what are you looking for?

Oil and Gas

Reps Summon AGIP Over Alleged $80m Owed Indigenous Contractor

AGIP

House of Representatives Committee on Public Petition has summoned AGIP Oil Company to appear before it on June 26, over alleged $80 million owed to an indigenous company, De Cooon Services Ltd.

Chairman of the Committee, Rep. Michael Etaba, expressed displeasure over the non-payment of the said sum and the non-appearance of AGIP oil at its investigative hearing in Abuja on Thursday.

He said that not paying an indigenous company for a job well done and patronising foreigners for the same job was unfortunate.

The committee added that the act was capable of frustrating indigenous contractors, adding that it would not augur well to drive Nigeria out of business while encouraging foreigners.

He stated that it was high time Nigerians began to take themselves seriously.

Speaking on the issue, a member of the committee, Rep. Matthew Nwogwu, said that the non-appearance of AGIP was disrespectful.

“It’s unfortunate that people who are supposed to be accountable to Nigerians are not.

“When a committee like this is mandated by the constitution to handle issues concerning the lives of Nigerians, it summons an organisation but the refusal should call for worry.

“I don’t know who is protecting who but no one is above the law; the only people who have immunity are the governor and President,” he said.

Speaking, the managing director and chief executive officer of De Cooon Services Ltd., Prof Nelson Onubogu, in his response, said the invitation was well advertised in the media, alleging that AGIP deliberately shunned the public hearing.

He said the matter started more than five years ago, adding that a situation where a Nigerian company was being strangled by an Italian firm was unfortunate.

According to him, “they owe my company over $80 million dollars paid by NNPCL. The NNPCL has paid the money but it was diverted out of Nigeria.

“AGIP Oil Company used some cronies to take this money out of Nigeria, and they refused to pay the Nigerian company.

“AGIP took all my cancelled contracts and gave them to my own staff while they were working for me.

Punch

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ad

You May Also Like

News

Mr. Biram Fall, the Regional General Manager, QNET Sub-Saharan Africa, has said that with over 350 million unbanked adults, there is a significant potential...

News

Instagram has launched a regional campaign to celebrate a form of connection emerging through Direct Messages (DMs). Recognizing how the act of sharing relatable...

News

World Health Organization (WHO) has announced notable reductions in new HIV infections and AIDS-related deaths across Africa, marking a significant milestone in the continent’s...

Broadcasting

Federal Government’s electricity subsidy has surged by 269%, rising from ₦650 billion in 2023 to an estimated ₦2.4 trillion in 2024. This increase comes...