…invite heads of multinational companies to appear Tuesday
OrderPaperToday – The House of Representatives joint committee on Treaties, Protocols, Agreements and Petroleum Resources (Upstream) has expressed displeasure over the failure of international oil companies to comply with extant laws that demand that a percentage of their profits should be set for corporate responsibility to their host communities.
The lawmakers also ordered the appearance managing directors of oil companies in Nigeria on Tuesday next week.
The resolution of the joint committees followed the absence of most managing directors expected at its one day public hearing on holistic review of all agreements and memoranda of understanding between oil companies in Nigeria and host communities organised by the joint committees on Tuesday in Abuja.
The Ossai Nicholas and Musa Adar led committee resolved to only attend to the companies whose managing directors were physically present and subsequently, only Britainnia-U Nigeria Oil and Gas limited’s Catherine Ifejika was quizzed by the panel.
Ifejika explained in her presentation that her company has been supporting the host community by employing people in the community as members of staff, giving out food items and providing health care services to the vulnerable despite the company’s low barrel production.
Members of the committee, however, frowned at her explanation, saying the company’s service to the community was meagre by global memorandum of understanding standard which requires that certain percentage of the company’s profit must be allocated to the host communities.
“We wish that community get their rightful due, not peanut from oil companies”, said the deputy chairman of the joint committees, Mr. Preye Oseke.
The joint committees further discovered that the memorandum of understanding between the company and its host community had expired since three years ago.
Mr. Nicholas, who was not satisfied with claims of Ifejika and documents  presented, ordered her reappearance on Tuesday next week when her host community will be available at the hearing to attest to her claims concerning the service rendered to them.


Please enter your comment!
Please enter your name here