Barkindo may proceed on compulsory leave over NNPC investigation

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Mohammed Barkindo, group managing director of Nigerian National Petroleum Corporation (NNPC), may be asked to proceed on compulsory leave in order to pave way for the planned investigation of the state oil company by the Senate Committee on Petroleum Resources (Upstream). 

The committee headed by Lee Maeba had in a motion scheduled for this week accused Barkindo of frustrating the investigation into the activities of NNPC including the profile of all revenues from all sources accruing to and paid to NNPC up to September 2009.   

Other issues to be investigated include: 
*Total record of crude oil sales and remittances into the Federation Account, or other accounts (if any) within the period; 
*All monies paid by the Corporation within the period with their receipts and payment invoices;
*All statements of bank lodgements, including lodgements into stakeholders' account and the Central Bank of Nigeria for the period;   
*Contracts and project approvals by the Board including joint venture contracts and payment for such projects and all internal approvals and intra-corporation expenditure, and audited accounts of the corporation for the period under review. 

The NNPC boss was invited by the committee on April 20, 2009; May 20, 2009; August 6, 2009 and October 14, 2009, but shunned the invitation to submit the revenue profile and expenditure on quarterly basis with a window period of two weeks on each of the notices to allow the documents reach the committee. 

But in what the lawmakers saw as a flagrant disregard to the invitation, Barkindo was alleged to have "refused to respond to any of the correspondences or reminders sent to him."

Barkindo may proceed on compulsory leave over NNPC investigation

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