Imported User:
The Senate Joint Committee on Petroleum Downstream, Finance and Appropriation investigating the management of fuel subsidy fund yesterday summoned officials of the Petroleum Products and Pricing Regulatory Agency (PPPRA) and the Pipeline Products Marketing Company and some banks to appear before it over grey areas in the subsidy regime.
The summoning of the PPPRA however was sequel to persistent revelations made by oil companies without outlet stations and trucks getting allocations to import fuel. They are to come and explain the criteria used to allocate the product.
The managements of BankPHB now Keystone Bank and Union banks were invited to appear before the committee after they were mentioned by the Managing Director, Nathaniel Akinmade of A-Z Petroleum.
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