 Now the Nigerian national petroleum company Ltd says the acquisition of the OVH energy as a commercial national oil company followed the process. At an investigative hearing with an ad hoc committee of the house, Millicaree also denied allegations that headquarters of the company was being moved from Abuja to Lagos. Plus TV's Immanuel Ehidjin's report is presented from our studio. There are issues of alleged corruption and wrongful acquisition of OVH as a commercial national oil company. After the non-appearance of the GCEO of NNPCL on Monday, the committee sent another invitation insisting that the society is not at which hand but an attempt to establish the true positions of things. The issues in focus include alleged legal acquisition of OVH, its assets before and after acquisition, appointment of an expatriate, as managing director, alleged movement of headquarters and staff placements. SPM Ltd was reported to own the underlisted assets prior to its acquisition by NNPCL. 380 company owned stations, a JTASPM with 240,000 metric tons, 8 LPG plants, 3 lubricant blended plants, 3 aviation and fuel airports and 12 warehouses. Whereas upon accusation the record of artists credited to OVH energy indicate only 72 company stations and other assets are said to be either on these or owned by third parties. The speaker is here represented on his big Sunday need for transparency and accountability in line with the Petroleum Industry Act. There is a total commitment to ensuring that we all join hands, executive and other branches of government to reposition, refocus and rebuild this country. It is not going to be based on conflicts but shared understanding, exchange of ideas, mutual respects and the commitment to doing the right thing at the right time. So this is a very critical one. You may have taken the best decisions in your own judgment and it is not for you to let this add on committee to know what the issues are. The GCO of NNPC Ltd responded to the necessity and processes of the accusation. Malekyari says prior to the acquisition the company's highest profit was 6.59 billion Naira in 2021 but by the first quarter of 2023 a profit of 18.4 billion Naira was declared. We are in control of this market today Mr Chairman. We have bought as a we know clearly what we bought. There's a listing of this asset it's not what is read in the media that people have a petition you are ready to give you all the entire information immediately after this meeting or subsequently so that you can deal with it yourself you see it for yourself so that we do not bore you with data on this table but I can tell you that it's nowhere near what you are seeing. As we speak today we have combined we have 320 company-owned dealer-operated assets in the company today combination of NNPC retail and and the OBEH acquisition. We have 619 dealer-owned dealer-operated assets a total of over 939 fuel stations that are now different from what you used to know that you have seen them across the country we are completing the branding Nigeria trust this and I can tell you Chairman just three weeks ago I don't know if anyone is from Lagos I didn't hear anyone from Lagos so there was a small emergence of Q few few hours of Q and what caused it one company increased their prices by 7 Naira. As simple as this everybody rushed to our stations and then Q started developing to the companies that are not this is the security that the PIA has envisaged. The lawmakers are whether disclosed plans to carry out an oversight to the OBEH to see its asset and assess its performance before putting together its report to be submitted to the House for further legislative action. In another development the House of Representatives began investigation to probe illegal auction of government properties the agencies involved have been accused of illegal auction of some properties owed by the federal government. The agencies involved were all asked to report to the parliament next week unfailingly. So you get notified about fresh news updates.