The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, the Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, and the Minister of Petroleum Oil, Heineken Lokpobiri, are currently being investigated by a Senate Adhoc committee over an alleged economic sabotage in the Nigeria Petroleum industry.
The trio appeared before the committee led by the Chairman and leader of the Senate, Senator Opeyemi Bamidele on Wednesday.
During the session, Bamidele asserted that there would be no room for grandstanding, warning that no one would be exempted from scrutiny in the ongoing investigation.
The investigation included determining the level of compliance of the NNPCL’s Direct Sale and Direct Purchase arrangements in line with the provisions of the Petroleum Industry Act, adding the extent of transparency and accountability in the scheme amongst others.
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