The ad hoc committee of the House of Representatives probing the swap arrangement between the Nigeria National Petroleum Corporation, NNPC and other independent marketers yesterday revealed that Duke Oil Nigeria Limited – a subsidiary of the NNPC was owing the federal government N26 billion in tax.
The committee’s investigation has revealed that Duke Oil was registered in Panama in 1989 and later incorporated in Nigeria in 2012 as Duke Oil Incorporated.
The ad hoc committee headed by Hon. Zakari Mohammed also discovered that Duke Oil Incorporated has three other companies registered with its parent name.
The three companies sub-contracted by Duke Oil Nigeria Limited are: Ontario Energy Ltd, Aiteo Oil Ltd and Televeras Energy Ltd.
Representatives of these companies told members of the committee that they had paid their tax liabilities to the Federal Inland Revenue Services, FIRS from 2010 to 2014.
In the cross examination, Mohammed queried why Duke Oil sub-contracted the three companies without the Power of Attorney – a legal document required for such transaction
But Managing Director of Duke Oil, Mr. Ahmed Bello, explained that he had not assumed office at the time of the contract.
He, however, expressed sadness that the company would enter into such agreement without the necessary documents for its approval.
Nigerian Pilot had on Wednesday reported that officials of the two foreign firms, Aiteo Nigeria Limited and Ontario Nigeria Limited had earlier shunned the summon issued by the ad hoc committee probing the oil swap arrangement.
It would be recalled that the House on Thursday last week, summoned the two oil firms to appear before it as regards the ongoing probe in the swap arrangement.
Hon. Zakari Mohammed had expressed disappointment that the Chief Executive Officers, CEOs of the two oil firms had not appeared before the committee in spite of its formal invitations.

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