The planned probe of the 2021 to 2023 audit reports on the oil and gas industry by the Nigeria Extractive Industries Transparency Initiative (NEITI) suffered a setback on Monday as key agencies shunned a Senate public hearing.
The management of the Central Bank of Nigeria (CBN), the Niger Delta Development Commission (NDDC), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), as well as NEITI, failed to appear before the Senate Public Accounts Committee, chaired by Senator Ibrahim Dankwabo (PDP, Gombe North).
The committee had scheduled a three-week public hearing based on audit reports presented by NEITI.
Miffed by their absence, the committee directed the management of the CBN, NDDC and NUPRC to unfailingly appear before it on Thursday, August 6, 2026.
Senator Dankwabo said failure by any of the affected agencies to honour the rescheduled appearance would attract serious sanctions as provided for in the 1999 Constitution and the Senate Standing
