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Reps committee uncovers NNPC’s alleged secret bank account 


The House of Representatives’ Committee has uncovered an alleged secret account owned by the Nigerian National Petroleum Company Limited.


This was revealed at the commencement of a probe of all joint venture operations and production sharing contracts in the oil and gas sector since 1990.

It’s goal is to verify the legality or otherwise of the transactions.

This ad hoc committee chaired by the Chairman, Rules and Business, is probing the structure and accountability of the joint venture Businesses and Production Sharing Contracts of the NNPC in the last 32 years.

It has the mandate of the House to establish whether or not the various joint venture agreements of the NNPC followed due process.


The Committee insists all those invited, including the organisations that challenged the authority of the parliament to execute its legislative assignment, are under obligation to appear or risk arrest.

Present here are representatives from the office of the Accountant General of the Federation, Total Energy, Shell Petroleum Company and Chevron.

They spoke to the lawmakers’ inquiries, including the discovery of an NNPC bank account said to be unknown to the government

The lawmakers expressed reservations about some of the discoveries


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My vision is driven by the conviction that Governments primarily have responsibilities to perform and must be held to account on improved conditions that meet basic standards of living; employment generation and livelihoods sustainability; whilst balancing socio-cultural peculiarities of the various constituencies in the new world order.



Abiodun BORISADE is the last child of the 4 children of Late Justice Michael Ayorinde BORISADE and wife, Chief Mrs Oyeyemi BORISADE.
Abiodun holds a Bachelor of science degree in chemistry (1997 EKSU); A Masters degree in Environmental Management (Middlesex University, UK. 2002); A Post Graduate Certificate in Higher Education Lecturing (University of Bolton UK, 2006); A Post Graduate Diploma in Journalism (International Institute of Journalism, University of Maiduguri 2019).

Abiodun lectured in chemistry and general sciences at various renowned UK institutions including Hopwood Hall College, Middleton Greater Manchester; City & Islington College, London.

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Abiodun served as Technical Assistant to Ekiti government 2011, and is currently serving as special assistant on new media to ekiti state governor.

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