OrderPaperToday- The House of Representatives Adhoc Committee on Refined Product Exchange Agreement has directed Duke Oil Company to provide all necessary documents concerning its contract agreement with Nigeria National Petroleum Corporation (NNPC).

The Zakari Mohammed led Committee at its meeting with former Group Managing Director of NNPC, Joseph Dawha, current officials of NNPC and Managing Director of Petroleum Product Marketing Company, Esther Nnamdi-Ogbue on Wednesday gave the directive.

The Committee had shown displeasure at Duke Oil Company for its refusal to pay tax to the Federal Government since it registered as a subsidiary of NNPC in 1989.

Facts at the meeting revealed that Duke Company which was registered in Panama with its subsidiary in United Kingdom and Nigeria has been doing business with only 15 members of staff in Nigeria.

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In response to questions from lawmakers at the meeting, Duke Company representative, Muhammed Bello said “the company pays its tax to the UK government where it has establishment but does not pay to Nigeria where it is operating as a subsidiary to NNPC”.

Bello explained that Duke Oil, a subsidiary of NNPC only pays annual dividends to NNPC.

ORDERPAPER.NG learnt that PPMC gave the oil swap contract to Duke Oil and Trafigura Limited; two foreign- based companies doing business in Nigeria without an office building.



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