There are strong indications that significant stakeholders are working to prevent the National Assembly’s investigation into the oil sector. According to reports, organizations included in the probe list by the ad-hoc committee, chaired by Senate Leader Senator Opeyemi Bamidele (APC, Ekiti Central), are making efforts to ensure the investigation does not proceed, fearing it would reveal concealed issues within the industry.
Pressure on Committees
A source revealed that these stakeholders initially targeted the House committee responsible for the probe, leading to its disbandment. This action resulted in the formation of a joint committee composed of members from both the Senate and the House of Representatives. To create a balanced group, 14 members were chosen from each legislative body. Initially, the Senate had 15 members, but this number was reduced after the passing of Senator Ifeanyi Uba.
The source noted that due to pressure from industry stakeholders, the committee has yet to convene a meeting, causing frustration among its members. “The committee members are concerned that stakeholders in the oil sector are working tirelessly to halt the National Assembly’s investigation led by Senator Opeyemi Bamidele. People are questioning why the committee is inactive or if it will be another investigation that starts but fails to produce results,” the source said.
Background of the Investigation
On July 3, 2024, Senate President Senator Godswill Akpabio announced a new investigation into the oil and gas sector over allegations of severe misconduct. In response to a motion by Senator Asuquo Ekpenyong (APC, Cross River-South), Akpabio established a 15-member ad hoc committee tasked with conducting a comprehensive inquiry into alleged sabotage within the sector.
