Abbas Demands Stronger Accountability and Oversight for NNPCL

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Speaker of the House of Representatives, Tajudeen Abbas, has called for enhanced corporate accountability and rigorous legislative oversight of the Nigerian National Petroleum Company Limited (NNPCL), warning that the company’s commercial autonomy must be matched with strict operational responsibility.

Abbas emphasized that the ultimate success of the Petroleum Industry Act (PIA)—enacted in 2021 to reform Nigeria’s petroleum sector—depends less on its statutory provisions and more on effective implementation and tangible economic benefits delivered to citizens.

The Speaker, who was represented by House Leader Julius Ihonvbere, made the remarks on Monday in Abuja at the opening of a three-day legislative-executive retreat themed ‘Petroleum Industry Act Implementation: The PIA, Corporate Governance and Legislative Oversight’.

The high-level retreat was organized by NNPCL in collaboration with the Office of the Speaker to review regulatory bottlenecks and strengthen institutional synergy across the energy sector.