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Kyari, Ministers, agencies, oil coys, banks in trouble for illegal sale of $2.4b crude oil

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Lawmakers of the House of Representatives have concluded arrangements to probe reports of alleged illegal sale of 48 million barrels of crude oil valued at $2.4 billion.

To that effect, the House has constituted an ad hoc committee to investigate the alleged loss in revenue from illegal sale in 2015.

This includes all crude oil exports and sales by Nigeria from 2014 till date.

As part of the investigation, the committee will, on April 11, 2023, grill ministers and other heads of ministries, departments and agencies of the Federal Government as well as oil companies and banks.

In a notice to the invitees issued on Monday, the committee also demanded memoranda from the whistleblowers who leaked the information.

The notice reads in part: “In the unlikely event that formal correspondence from the committee does not reach any of those listed above, please consider this publication as a formal invitation to the public hearing.

“Individuals, agencies, civil society and non-governmental organisations, companies and all other entities who are privy to or have provided whistle-blower information to the Nigerian Government about corruption and proceeds of corruption (whether or not such information has led to recovery by the government) are also, hereby, requested to submit memoranda with the following information to the committee’s secretariat.”

The committee has so far invited 100 individuals, organisations and groups, including the Nigerian National Petroleum Company Limited; Group Chief Executive Officer, NNPCL; Federal Ministry of Finance, Budget and National Planning; Attorney General of the Federation; Director of Public Prosecutions of the Federation; Central Bank of Nigeria; Nigerian Upstream Petroleum Regulatory Commission; Chief Executive, NUPRC; former Chairman, Presidential Committee on Recovery of Missing Crude Oil; former Director-General, DSS, Lawal Musa Daura; Department of State Services; Nigeria Police Force; INTERPOL National Central Bureau, Nigeria, among others.

The oil and telecommunication firms as well as banks for appearance include Dangote Industries Limited/Dangote Refinery; MTN Nigeria Limited; 9Mobile Nigeria Limited; Airtel Nigeria Limited; United Bank for Africa; Guaranty Trust Bank; Access Bank; Ecobank; Fidelity Bank; and Zenith Bank; Famfa Oil Limited; Seplat Petroleum; Addax Petroleum; Total Energies; Chevron; Shell (SNEPCO & SPDC); Sahara Energy Resources; Conoil; AITEO; Agip/NAOC; Heirs Petroleum; ExxonMobil/ESSO Petroleum; Oando; Oriental; SAPETRO and all other JV, PSC and marginal field operators.

Other top government officials have also been invited. Read more.

 

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