Some energy advocacy crew called the Forum for Energy Accountability went after the House of Representatives for basically turning NNPC into a punching bag with back-to-back investigations that make foreign investors nervous about putting money into Nigerian oil and gas. President Ebikeme Jonathan-Ogula from the group said multiple committees keep summoning executives for overlapping probes that dig up nothing new, while scaring off capital that the country desperately needs.
The forum pointed out that lawmakers have every right to check on public companies, but flooding NNPC with redundant hearings during a sensitive reform period just makes the whole sector look unstable and unpredictable to outside money.
Jonathan-Ogula told House leadership to consolidate the inquiries under a single committee instead of having different groups run parallel investigations into the same stuff, and he wants better coordination with regulatory bodies like NUPRC and NMDPRA so oversight does not clash with actual operations.
The forum pointed out that lawmakers have every right to check on public companies, but flooding NNPC with redundant hearings during a sensitive reform period just makes the whole sector look unstable and unpredictable to outside money.
Jonathan-Ogula told House leadership to consolidate the inquiries under a single committee instead of having different groups run parallel investigations into the same stuff, and he wants better coordination with regulatory bodies like NUPRC and NMDPRA so oversight does not clash with actual operations.
