Africa Business Radio

The House of Representatives ad hoc committee set up to investigate the current state and use of the Federal Government’s property and assets has asked the Nigerian National Petroleum Corporation and its subsidiaries to provide a list of Federal Government’s assets under their control. The committee says oil depots, pipelines, rigs and other facilities, which could have generated revenues for the government and reduced borrowing and budget deficit, had been abandoned in various parts of the country. The Chairman of the committee, Ademorin Kuye, says all assets in the custody of MDAs; assets that are being trespassed and encroached; assets that are just wasting away could be converted to revenue for the Federal Government for the development of the country.