The House of Representatives Ad hoc Committee on the Implementation and Oversight of the Naira-for-Crude Oil Policy has issued a final ultimatum to all involved stakeholders, directing them to submit all outstanding documents on or before Nov. 27
Chairman of the committee, Rep. Boniface Emerengwa (PDP-Rivers), delivered the directive on Thursday at an abridged investigative hearing in Abuja. The session was cut short after several key stakeholders failed to present required documents or appear before the panel, despite prior notifications and reminders.
Emerengwa condemned the conduct of the defaulting organisations, describing their absence and non-compliance as an act that undermines both the legislative process and the national interest.
He stated that the committee had been left “deeply disappointed” by what he described as gross negligence that obstructed the panel’s efforts to carry out proper scrutiny, vetting and due diligence on the implementation of the policy.
The chairman stressed that the delay had hindered the committee’s progress on an issue that directly affects economic governance, fiscal accountability, and the country’s broader development objectives.
He announced that the investigative hearing, initially scheduled for Nov. 20, has now been shifted to Dec. 2, at 12:00 p.m. in Conference Room 440 of the National Assembly. He stressed that the new date was final and would not be shifted again.
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Emerengwa warned that any stakeholder who fails to meet the new deadline or refuses to honour the rescheduled appearance would face severe consequences.
These include the issuance of summons and subpoenas, public disclosure of the identities of non-compliant entities, recommendations for sanctions to regulatory and executive agencies, and escalation of the matter to the House plenary for disciplinary measures.
He reaffirmed that the ad hoc committee was established to ensure transparency, accountability and effective oversight over the Naira-for-Crude Oil Policy, a policy he described as central to the nation’s economic sovereignty.
The lawmaker urged all concerned parties to treat the deadline and forthcoming hearing with utmost seriousness, emphasising that the committee would not tolerate further delays.
He called on stakeholders to promptly submit their documents and prepare to appear before the panel to facilitate a thorough and uninterrupted investigation.
NAN
