The House of Representatives will today commence investigative hearing on 24 commercial and non-commercial banks as well as 14 international oil companies (IOCs) over an alleged loss of over $30 billion revenue annually due to leakages.
The investigative hearing which would be conducted in strict compliance with COVID-19 protocols would be in phases.
The House joint Committees on Finance and Banking and Currency, which is chaired by Hon. James Faleke and Hon. Victor Nwokolo, will grill officials of the banks and the IOCs during the investigative hearing, with the first phase of the hearing spanning three weeks.