The House of Representatives Ad hoc Committee on Implementation and Oversight of the Naira-for-Crude Oil Policy has ordered all stakeholders to submit the requested documents by November 27.
The Chairman of the committee, Boniface Emerengwa, gave the order at an abridged hearing on Thursday in Abuja.
This followed the failure of some stakeholders to submit documents and appear before the committee.
The committee had invited the Chief Executive Officers of oil companies and heads of Ministries, Departments, and Agencies (MDAs) to make presentations during the ongoing investigative hearing into the implementation of the Naira-for-Crude policy initiated by the late former President Muhammadu Buhari administration.
He said: The investigative hearing scheduled for today, 20th November, 2025, has been adjourned due to the gross negligence and lack of seriousness displayed by relevant stakeholders.
“Despite ample notice, the majority of stakeholders failed to recognise the role of the legislative arm in working with the executive for the effective implementation of the policy by their failure to submit their required documents within the stipulated time frame.
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“This dereliction of duty has not only undermined the integrity of the committee’s work but has also cast a shadow of unseriousness over a matter of national importance.
“The committee views this conduct as a blatant disregard for the legislative process and disrespect to the Nigerian people whose interests we are mandated to protect.
“Let it be unequivocally stated, the committee is deeply disappointed. The failure to submit documents on time has impeded our ability to conduct proper vetting and due diligence, thereby frustrating the investigative process.”
Emerengwa stressed that the extension was a final opportunity for stakeholders to demonstrate their commitment to transparency and cooperation.
“Furthermore, the investigative hearing has been rescheduled to 2nd December 2025, 12:00 AM, Conference Room 440. This date is final and non-negotiable,” the chairman added
