N432bn Probe: Another Jamboree by House Committee?

The House of Representatives Public Accounts Committee has launched an investigation into the outstanding indebtedness of oil companies and the Nigerian National Petroleum Company Limited (NNPCL) to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), totaling N432 billion. The investigation follows the release of the Auditor-General's annual audit reports on the indebtedness from various regulatory and petroleum-related obligations. The article questions whether this probe will yield meaningful results, given the National Assembly's history of inconclusive investigations.

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