The House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to 2021 has said it does not know the profile of 23 oil and gas companies trading in Nigeria.

The panel is investigating payments made by the Federal Government through the Nigerian National Petroleum Corporation (now Nigerian National Petroleum Company Limited) for the subsidy on Premium Motor Spirit, popularly known as petrol, within eight years.

The Chairman of the committee, Ibrahim Aliyu, at the resumption of the investigative hearing on subsidy payments on Wednesday, stated that the firms had major serious questions to answer.

Aliyu read part of a communication from the Corporate Affairs Commission, in response to the committee’s request for the profile of the companies, said there were no details on the firms.

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