The Nuhu Ribadu led petroleum revenue special task force has been given 60 working days to deliver their mandate of enhancing integrity and accountability in the petroleum industry.
The committee was inaugurated on Tuesday in Abuja by the Minister of Petroleum Mrs. Diezani Alison-Madueke.
The Minister charged the team to work with world class consultants to put together systems across the production chain to determine and monitor crude oil production and exports, as well as the integrity of payments made to the federal government.
Reading the part of the terms of reference for the task force, the Minister noted that, the task force is set to “to take all necessary steps to collect all debts due and owing and to obtain agreement and post payment terms by all industry players.”
They are also “to design debt matrixes for all departments and agencies under the Ministry of Petroleum resources and develop an automated platform to enable effective tracking and monitoring online validation of income and debt drivers of all parastals and agencies within the ministry.”
Chairman of the task force Mallam Nuhu Ribadu said there is need to bring value and balance to the nation’s economy through improved standards of public conduct.
In his statement, the former EFCC boss stated that “the task force will design a sort of memorandum that will promote fairness in the oil and gas sector.”
He also explained that the team understands the constitution of the task force as part of the effort to collect the public and administration in a new level of accountability.
“Part of the challenge of moving forward and breaking new part is to understand the imperatives of constantly renewing faith with our fellow citizen by empowering them with values of public accountability and responsibility” he added.
Some members of the twenty-two man committee include former Head of service of the Federation, Stephen Oronsaye and former President of the Nigerian Bar Association, Olisa Agbakoba.
Mr Ribadu until his appointment was serving the United Nations office in Kabul, the Afghanistan capital where his experience as the anti-corruption czar came to bare.
Mr Ridabu was the presidential candidate of the Action Congress of Nigeria (ACN) in the 2011 presidential election. The party declined to endorse his acceptance of the appointment saying if he does, he did out of his own choice.