Nigerian House of Representatives Probes Seplat Energy Over Gas Diversion Allegations
The Nigerian House of Representatives, through an ad hoc committee, is probing the alleged diversion of gas supplies by Seplat Energy Company to power plants, particularly the Sapel Power Plant. Hon. Harrison Nwadik raised concerns about Seplat's involvement in economic crimes related to gas diversion.
Seplat's Managing Director, Mr. Ibiada Itoto, refuted the allegations, emphasizing the company's commitment to Nigeria's power sector growth. The committee discovered that Sapel Power Plant owed Seplat about 20 billion Naira for gas supplies despite not generating electricity.
Hon. Al Mustapha Aliyu expressed disappointment in Seplat's alleged lack of internal controls to detect gas diversion. Rep. Afam Victor Ogen leads the sub-committee investigating the gas usage by power generation companies to uncover irregularities and potential economic crimes.
The audit aims to ensure transparency and accountability in Nigeria's power sector, including Seplat's alleged involvement in gas diversions.
Plus234Feed summary based on reporting from The Authority. Read the original report below.
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