Missing Crude: Reps committee begins investigation into “missing” $2.4 billion oil
An ad hoc committee investigating “illegal sales” of crude oil by officials of the defunct Nigerian National Petroleum Corporation (NNPC) has commenced hearings into the missing oil.
The committee, headed by Mark Gbillah, commenced the investigation on Tuesday with an appearance by the Code of Conduct Bureau.
It will be recalled that the green chamber had resolved to embark on the investigation following a motion moved by Isiaka Ibrahim.
Ibrahim had alleged in his motion that the officials of the NNPC had sold 48 million barrels of oil in China but failed to remit the money into the federation account.
The speaker of the House, Femi Gbajabiamila, in his opening remarks, said the committee has the mandate to investigate the missing crude oil and total oil exports from 2014 to date.
Gbajabiamila, who was represented by Ibrahim, said the committee must help unveil the true situation of things.
“It was quite alarming to learn about whistleblower allegations that over $2.4 billion in possible revenue for the country was lost from the sale of 48 million barrels of Nigeria’s crude oil cargoes to China,” he said.
In his closing remarks, the Chairman of the Committee, Gbillah, said the Minister of Finance, Zainab Ahmed, the Attorney General of the Federation, Abubakar Malami, and oil companies were invited to the hearing, but they did not appear.
He warned that all invited officials must honor the invitation or the committee may trigger its power of arrest warrant.
“It’s unfortunate that the minister of finance is not here; the attorney general of the Federation is not here,” he said.
Oil Explosion in Rivers: Police commence investigation, reveals number of casualties
In a fire explosion at an illegal oil refinery in the Ibaa community of the state's Emohua Local Government Area, fifteen people have died, according to the Rivers State Police Command.The Command revealed that it had received distressing information about the tragic fire explosion at the Ibaa community in a statement released by its public relations officer, Grace Iringe-Koko, who noted that "fifteen people, including a pregnant woman, lost their lives in this deva...
Super Falcon Allowances: Reps Committee fumes as Gasau, NFF President, shuns invitation
An ad hoc committee investigating the face-off between the Super Falcons and Officials of the Nigerian Football Federation (NFF) has once again summoned Ibrahim Gusau, the president of the NFF.The Chairman of the Committee, Blessing Onuh, issued the summons on Wednesday after Mr. Gusau shunned the invitation of the committee.The committee was set up to investigate the issue of the payment of allowances to the Super Falcon team following their exploits at the World C...
Currency Swap: Reps committee invites INEC Chairman, finance minister
The Independent National Electoral Commission, INEC, Chairman Mahmood Yakubu, and Minister of Finance Zainab Ahmed have been invited to a meeting on Thursday by the ad hoc committee looking into the currency swap at the Central Bank of Nigeria.Ado Doguwa, the majority leader, and Babangana Monguno, the national security adviser, were both invited to the committee.The invitation follows a temporary ruling by the Supreme Court ordering the CBN to postpone the deadline...
Download Naijacrawl App today
Fastest way to read on the go
Download the Naijacrawl App.