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The House of Representatives Committee on Privatisation has stopped the proposed sale of the nation’s three refineries by Nigerian National Petroleum Corporation, NNPC. They are Port-Harcourt, Kaduna and Warri refineries.
After engaging officials of the NNPC and the Bureau of Public Enterprises (BPE) on the exercise, the committee declared that NNPC violated the provisions of BPE Act Section 11 of 2009.
During the interactive session, members of the committee accused the NNPC of acting unilaterally by going ahead with the exercise without involving other stakeholders as contained in the Act.
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