NNPC Group Managing Director (GMD), Mr. Maikanti Baru, to appear before its ad hoc committee probing implementation of the policy next week Wednesday• Reps summon GMD, CEOs, seek evidence ‘Buhari approved non-compliance’
The House of Representatives yesterday uncovered how the Nigeria National Petroleum Corporation (NNPC) flouted the Treasury Single Account (TSA) policy by depositing over N50 billion in various commercial banks.
Consequently, it summoned the NNPC Group Managing Director (GMD), Mr. Maikanti Baru, to appear before its ad hoc committee probing implementation of the policy next week Wednesday.
The committee, led by Mr. Abubakar Nuhu Danburam, also directed the NNPC to produce proof the breach was carried out with the approval of President Muhammadu Buhari, who is the substantive Minister of Petroleum Resources. The directive came after a member of the committee, Mr. Simon Arabo (Kaduna, PDP), questioned the genuineness of a letter purportedly signed by Mr.
NNPC ‘banked over N50 billion in TSA breach’
