Senate Threatens Sanctions as CBN, NEITI, NUPRC, NDDC Shun Oversight Hearing

Senate Threatens Sanctions as CBN, NEITI, NUPRC, NDDC Shun Oversight Hearing

The Senate has warned that it may invoke sanctions against four key federal agencies over their failure to honour invitations to a legislative oversight hearing.

The Nigerian Extractive Industries Transparency Initiative (NEITI), the Central Bank of Nigeria (CBN), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Niger Delta Development Commission (NDDC) were absent as the Senate Committee on Public Accounts commenced its special legislative oversight and public hearing.

The committee said the agencies had been invited since July 9, with the hearing schedule also published in four national newspapers.