The House of Representatives yesterday Feb. 24th directed its Committees
on Petroleum Upstream and Public Procurement to investigate an alleged
$260 million dollars oil contract awarded by the National Petroleum
Investment Management Services (NAPIMS), a subsidiary of the Nigerian
National Petroleum Corporation, NNPC.
This directive followed a debate on a motion raised by Rep. Gabriel
Kolawole (Akoko South East/South West Federal Constituency, Ondo State –
APC). Hon Kolawole said that NAPIMS, granted approval for Esso
Exploration, a subsidiary of Exxon Mobile to award four single source
contracts for projects in Exxon Mobil’s Usan Deep water project at the
total sum of $260 million without a tendering process.
Thye further explained that NAPIMS had, through three memoranda dated
October 13, 2014, February 10, 2015 and April 16, 2015, single handedly
nominated four companies to execute the contracts without approval
from both the Board of the NNPC and its Group Executive Committee (GEC).
The joint committees have been given a period of 4 weeks to investigate the matter and report back to the House.
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