The House of Representatives has declared that it has taken steps towards resolving the ongoing dispute between Dangote Refinery and some stakeholders in the Nigerian oil industry.
Speaking at a press briefing in Lagos at the end of a three-day retreat at the weekend, House Committee Chairman on Petroleum Resources (Downstream), Ikenga Imo Ugochinyere, expressed the concern of the legislators on the current faceoff between Dangote Petroleum Refinery and the oil unions, including the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
Naijaonpoint reports that the concerned parties have been locked in a series of disagreements over unionization and termination of workers’ appointments.
Ugochinyere, however, said the House of Representatives Committee has received submissions from different stakeholders and is working towards a workable solution.
He stressed that the disagreements must not be allowed to disrupt oil services, and the lawmakers would ensure they are guided by what is best for the nation.
The Imo lawmaker warned against the danger of discouraging investors in the nation’s oil sector.
“We have received a lot of submissions from different stakeholders in this disagreement, and we will be guided by what is best for the nation. At the end of the day, we prayed for a functional refinery in Nigeria, and now we have one.
“We have looked into the ongoing dispute between Dangote, the oil marketers, and the tanker drivers. If these issues are not well handled, they could destabilise the downstream sector.
“So, as we try to balance trade and other competitive interests, we must also ensure that we don’t create an impression that could discourage other investors, who are willing to put millions of dollars into the sector, from feeling confident about the safety of their investment,” he said.
Ugochinyere also disclosed that the committee has commenced a re-investigation into the refinery upgrade and acquisition of OVH Energy Marketing’s downstream assets by the Nigeria National Petroleum Company Limited (NNPCL).
“The investigation is distinct from the previous inquiry. The House has, therefore, mandated the Downstream Committee to undertake a fresh investigation—with a clear directive to uncover what truly transpired in the OVH acquisition process.
“This includes examining the funds paid, details of the acquisition agreement, the assets involved, and the circumstances under which former OVH managers were reported to have formed a new company that later acquired OVH itself.
“Shockingly, those same individuals are also alleged to have assumed leadership roles within NNPC Retail, raising serious concerns about the integrity and transparency of the entire transaction,” he said.
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