The House of Representatives yesterday Feb. 24th directed its Committees on Petroleum Upstream and Public Procurement to investigate an alleged $260 million dollars oil contract awarded by the National Petroleum Investment Management Services (NAPIMS), a subsidiary of the Nigerian National Petroleum Corporation, NNPC.
This directive followed a debate on a motion raised by Rep. Gabriel Kolawole (Akoko South East/South West Federal Constituency, Ondo State – APC). Hon Kolawole said that NAPIMS, granted approval for Esso Exploration, a subsidiary of Exxon Mobile to award four single source contracts for projects in Exxon Mobil’s Usan Deep water project at the total sum of $260 million without a tendering process.
Thye further explained that NAPIMS had, through three memoranda dated October 13, 2014, February 10, 2015 and April 16, 2015, single handedly nominated four companies to execute the contracts without approval from both the Board of the NNPC and its Group Executive Committee (GEC).
The joint committees have been given a period of 4 weeks to investigate the matter and report back to the House.