The senate has set up a 7-man ad-hoc committee to investigate planned concession of the Port Harcourt refinery without going through the Bureau of Public Enterprise.
This is in reaction to a motion by Senator Sabo Mohammed representing Jigawa South.
The motion tiled Non-transparent Transaction Relating to the Planned Concession of the Port Harcourt Refinery to Agip and Oando by the Ministry of Petroleum Resources was unanimously supported by senators present at plenary.
The mover of the motion, Senator Mohammed maintained that the concession of the refinery should follow due process.
“Many questions are begging for answers.”
“Was there observance of the privatization law as regards due diligence, selection from preferred bidders before ceding the Port Harcourt refinery to Agip/Oando?”
Contributing to the debate, Senator Dino Melaye representing Kogi West expressed worry that the sale of the refinery will not augur well for the country.
“I cried this morning that our common patrimony is about to be fraudulently stolen.”
Senator Kabiru Gaya representing Kano South insisted that the Bureau of Public Enterprise ought to have been consulted, noting that it’s the only way all potential partners could enjoy an equal ground to tender their bids.
The Minister of Petroleum, Ibe Kachikwu, had on May 9 announced that Agip, a subsidiary of the Italian oil giant, Eni, had committed to repairing the Port Harcourt refinery, as part of a $15 billion investment that includes building a 150 thousand barrel per day refinery and a power plant.