>
Akinwande Soji-Ojo
The Senate through its Committee on Gas, has summoned 15 companies for an investigative hearing over the N130.8 billion Nigeria Gas Expansion Programme (NGEP) intervention fund disbursement.
Chairman of the Committee and Senator representing Cross River North, Jarigbe Agom Jarigbe, in a statement mandated the affected companies to appear before the Senate on Thursday, November 30, 2023 at 2pm.
The companies are beneficiaries of the disbursement from the Nigeria Gas Expansion Program (NGEP) Intervention Fund by the Central Bank of Nigeria (CBN).
The firms are required to appear with their progress reports stating the location of projects and the current status of the projects.
The companies and the amount of cash disbursement are:
Nipco Gas Ltd- N25,000,000,000.00
Nipco Plc- N5,000,000,000.00
Hyde Energy Ltd- N2,000,000,000.00
Lee Engineering And Construction Company- N15,000,000,000 00
Pinnacle Oil And Gas Fze– N10,000,000,000.00
Transit Gas Limited– N8,000,000,000.00
Amalgamated Oil Company Nig Ltd (AMOCON)– N5,000,000,000.00
Gas Nexus Ltd– N10,000,000,000.00
First Modular Gas Systems Limited– N4,300,000,000.00
Novagas Limited– N1,000,000,000.00
Greenville Liquified Natural Gas Company- N10,000,000,000.00
AP LPG Limited– N8,000,000,000.00
Dangote Oil Refinery– N5,000,000,000.00
Delta State Government– N20,000,000,000.00
Mob Integrated Services Limited– N2,500,000,000.00