Reps to probe allegation of $2.4bn crude oil revenue loss

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Abuja, April 11, 2023 – The House of Representatives on Tuesday invited some key federal ministries over alleged loss of $2.4 billion oil revenue loss from illegal sale of 48 barrels in 2015.

Some of the officials invited on Tuesday to answer questions are the Minister of Finance, Zainab Ahmed and the Secretary General of the Federation, Boss Mustapha.

Also summoned are the acting Accountant General of the Federation, Sylva Okolieaboh, and the Nigerian National Petroleum Company Limited (NNPCL), among others.

The House ad-hoc committe on oil theft is also investigating the disparity in figures from crude oil sales from 2011 to 2014.

The committee also accused the Minister of Finance of approving payments to whistle-blowers in variance with the whistle-blower policy.

The committee is investigating a whistle-blower’s allegation of illegal sale of 48 million barrels of Nigeria’s bonny light crude in China in 2015, valued at $2.4 billion.

The committee, in February, had accused the Attorney General of the Federation (AGF), Abubakar Malami as well as Interpol, on what it described as interference in the committee’s investigation.

The committee questioned why a whistle-blower would be invited by Interpol on the request of the Ministry of Justice just after the commencement of the investigation of the House.

The committee is investigating a whistle-blower’s allegation of illegal sale of 48 million barrels of Nigeria’s bonny light crude in China in 2015, valued at $2.4 billion. (GBN)

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