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Following the refusal of two trading companies involved in the crude oil swap arrangement of the Nigerian National Petroleum Corporation (NNPC) to appear at an investigative hearing, the House of Representatives has threatened to issue bench warrants of arrest against the chief executives of the two companies,Leadership reports
Aiteo Nigeria Ltd and Ontario Nigeria Ltd were in contract with the Petroleum Products Marketing Company (PPMC) to return refined products in exchange for 30,000 barrels of crude oil from PPMC through Duke oil, a subsidiary of NNPC.
The chief executives of the two however failed to appear before the Zakari Mohammed-led ad hoc committee investigating it yesterday, with their lawyer citing that there was a case against the sitting of the committee and their appearance would amount to prejudice. The committee however gave the chief executives 48 hours to appear before it otherwise a bench warrant of arrest would be used against them.
