Fresh investigation ordered as House of Reps questions NNPCL's OVH Energy acquisition

Fresh investigation ordered as House of Reps questions NNPCL's OVH Energy acquisition

The House of Representatives, on Wednesday, turned down the report of its Ad-hoc Committee that investigated the alleged irregularities and corruption in the acquisition of OVH Energy Marketing by the Nigerian National Petroleum Company Limited (NNPCL).

The Hon. Hassan Abubakar Nalaraba-led Committee’s report was discarded after it was debated at plenary on Tuesday due to fresh evidence, which emerged that the exercise was not properly conducted.

The House of Representatives was shocked to receive documents written by a foreigner, Huub Stokeman, who is the MD of NNPCL Retail and former MD of the OVH company that was acquired by the same NNPCL, wherein he requested NMDPRA to renew the licence of the same OVH company which NNPCL has acquired in the name of the company even before the acquisition, a conflict of interest situation that has raised serious suspicion and requires lawmakers to find out how a company…
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