Few weeks after about 140 petroleum marketing companies appeared before the House of Representatives ad-hoc committee which investigated the management of the petroleum subsidy regime, Techno Oil Limited alongside 16 other companies which earlier failed to show up before the committee have been directed to do so on Tuesday, this week.
Few weeks after about 140 petroleum marketing companies appeared before the House of Representatives ad-hoc committee which investigated the management of the petroleum subsidy regime, Techno Oil Limited alongside 16 other companies which earlier failed to show up before the committee have been directed to do so on Tuesday, this week.
The committee Chairman, Mr. Faruk Lawan who disclosed this information explained that the oil marketers did not appear before the panel when it held series of public hearings early in the year in which about 140 companies testified before the committee but now they are to appear on the 8th and 9th of May.
The companies that are expected to appear and how much subsidy funds that have been allegedly traced to them include: Mobil Oil Nigeria (N14.934b); Somerset Energy Services (N3.015b); AX Energy Limited (N1.471b); CAH Resources Association Limited (N1.052b); Crust Energy Limited (N1.192b) and Fresh Synergy Oil Limited (N1.417b)
Others that were listed includes; Ibafon Oil Limited (N4.687b); Techno Oil (N1.036 b); Oil Bath (N1.019bn); Mut-Hass Petroleum Limited (N1.2bn) and Stonebridge Oil Limited (N1.784b).
Also, Petrotrade (N1.471b); Lucky Energy (N1.7); Rocky Energy (N1.620b); Lottoj Oil (N1.427b); Oakfield Synergy Network Limited (N988m); Prudent Energy and Services Limited (N1.360b) and Nepal Oil and Gas Service (N2.353b) are all to face the lawmakers this week.
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