Senator Bamidele who doubles as the Chairman of the investigative Adhoc committee stated this in a statement personally signed by him on Monday.
The leader of the Senate, Senator Opeyemi Bamidele has disclosed that investigation of alleged economic sabotage in the petroleum sector by Ad â hoc committees separately set up by both the Senate and the House of Representatives in July, will now be jointly handled by both chambers.
Senator Bamidele who doubles as the Chairman of the investigative Adhoc committee stated this in a statement personally signed by him on Monday.
He says: âAs we return fully to the parliamentary sessions on Tuesday this week, the National Assembly will without ambiguity, revisit its decision to decisively address challenges in the petroleum industryâ.
The statement further adds that âthe industry is not optimal in its performance. This may not be unconnected to crude oil theft, endless turnaround maintenance of public refineries, importation of substandard petroleum products and disruption of fuel supply, among others.
âContrary to some media reports, the Senate never suspended its Ad-hoc Committee to Investigate Alleged Economic Sabotage in the Nigerian Petroleum Industry, but postponed its public hearing due to the need to address issues that border on the Rules of the National Assembly.
â Today, both chambers of the National Assembly will resolve the issues and possibly constitute a joint committee that will continue with the investigation from where the ad-hoc committee stopped.
â We are committed to unearthing the roots of economic sabotage in the petroleum industry in the national interest and developing institutional mechanisms that will make the industry more efficient and functionalâ.
He added that both chambers are expecting the new Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) from the Executive which he says are integral parts of the yearly budget preparation, consideration and approval.
âThe consideration of MTEF occupies a prime place on the rung of our legislative agenda.
âThis is simply because MTEF must be ready before the 2025 Appropriation Bill can be laid before the National Assembly.
âWe are equally preoccupied with the review of the 1999 Constitution. In the Senate, the Constitution Review Committee is chaired by Deputy President of the Senate, Senator Barau. Jibrin.
The statement added that âIn the coming weeks, the Committee will hold retreats and strategy sessions; call for memoranda and organise zonal meetings on some sections of our constitution that should be amended.
âGiven the pedigrees of all its members, this exercise no doubt promises a truly federative approach that will redefine and reinvent public governance in this country, he added.