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Reps To Investigate Alleged NAPIMS $260 Million Oil Contract

Channels Television  
Updated February 24, 2016

2016 budgetThe House of Representatives has mandated its Committees on Petroleum (Upstream ) and Public Procurement to investigate an alleged $260 million oil contract approved by the National Petroleum Investment Management Services (NAPIMS).

This resolution followed a debate on a motion sponsored by Rep. Gabriel Kolawole (Ondo State – APC) .

The joint committees of the House have been given a period of 4 weeks to investigate the matter and report back to the House.

NAPIMS is  a subsidiary of the Nigerian National Petroleum Corporation (NNPC).