Index to Nigerian Newspapers

The House of Representatives called for a forensic audit of rehabilitation projects at Port Harcourt, Warri, and Kaduna Refineries and Petrochemical Companies, citing omissions in NNPCL's submissions. The report revealed rehabilitation costs of N11.35 trillion over 13 years, with unproductive refineries causing losses. The report shows that NNPCL's refineries underperformed from 2010 to 2019, with annual combined capacity below 30%. The report recommends using the Petroleum Industry Act 2021 to accelerate rehabilitation and refunding $438,012.44 paid by FBNQuest Merchant Bank for unsuccessful rehabilitation.