The red chamber has therefore summoned the Nigerian National Petroleum Company Limited (NNPCL), the Central Bank of Nigeria (CBN), major international and indigenous oil companies, regulators and several government agencies. The firms are expected to explain issues arising from the Nigeria Extractive Industries Transparency Initiative (NEITI) Oil and Gas Industry Audit Reports for 2021, 2022 and 2023. The committee added that it would interrogate issues highlighted in the audit reports, particularly those relating to revenue remittances and compliance with statutory financial obligations. The Senate panel is expected to use the hearings to examine issues arising from the NEITI audit reports, including compliance with statutory financial obligations and the remittance of revenues due to the federation. The investigation comes amid sustained legislative scrutiny of the extractive sector, with lawmakers increasingly relying on audit reports to examine the management of public revenues and the implementation of existing financial accountability laws.