The 23 oil and gas businesses that operate in Nigeria are unknown to the Ad Hoc Committee of the House of Representatives to Investigate the Petroleum Products Subsidy Regime from 2013 to 2021, according to their statement.
The panel is looking into payments made by the federal government to the Nigerian National Petroleum Corporation, now known as Nigerian National Petroleum Company Limited, for subsidies on Premium Motor Spirit, or gasoline, over an eight-year period.
At the restart of the investigational hearing on subsidy payments on Wednesday, Ibrahim Aliyu, the chairman of the committee, said that the corporations had very important issues to respond to.
In response to the committee’s request for the profiles of the companies, Aliyu read a portion of a statement from the Corporate Affairs Commission, which stated that no information was available on the firms.
The legislator said that in order to obtain information about the corporations, the committee would be compelled to write to the embassies of the nations where the companies are headquartered.
The communication from the CAC was signed by a person named Maimunat Hamu on behalf of the Registrar-General and was dated July 13, 2022, according to a copy that our correspondent saw.
It said, “Kindly refer to your letter Ref: NASS/QHR/AHC/PPSRIM1/1H/01/051 dated 1st July, 2022, on the subject matter above.
“Please be informed that we could not readily find information on the exact name of the following companies as provided in our record.
“Emadeb Consortium; Britania-U Nig. Limtted; Totsa Total Ol Tradings SA; Petroleum Trading Nigeria Limited; Mocoh S.A; Socer Worldwide; Calson Bermuda Ltd; Hyson; Litasco S.A; Mercuria Energy; Cepsa Lubricant; Trafigura Pte; Vitol S.A; Ocanbed Trading Limited; Bonno Energy; West Africa Gas Limited; Petrogas; Matrix; Masters Energy; Amg; Barbedos; Hindustan and Patermina.
“However, you may wish to provide the registration numbers or any other available documents at your disposal to enable us to investigate further.”
The list of some of the oil companies under investigation by the committee was included in an earlier message from the CAC with the reference NASS/9HR/AHC/PPSR/14/iH/01/051 and dated 1st July 2022.
They are Heyden Petroleum Limited RC: 433175; Graton Oil Limited KC: 644074; Duke Oil and Gas. Limited RC; 64456145; Matrix Energy Limited RC: 612026; MRS Companies Limited RC: 241,013; Sahara Trade Nigeria Limited RC: 352,443; Essar Exploration And Production Limited RC: 692910; Sahara Group Limited RC: 668626; Rainoil Limited RC: 257,444; Casiva Limited RC: 1091598; Petroleum Trading and Supplies Company Limited RC: 506113.