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News

House of Reps Invite Finance Minister, SGF, NNPC, Others Over Two Billion Dollars Stolen Crude

written by olarotimi April 11, 2023
House of Reps Invite Finance Minister, SGF, NNPC, Others Over Two Billion Dollars Stolen Crude

The House of Representatives Ad Hoc Committee on Oil Theft is inviting several high-ranking officials in the Federal Government over its investigation into the alleged loss of over two point four billion dollars in revenue from illegal sale of forty-eight million barrels of crude oil export 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, the acting Accountant General of the Federation, Sylva Okolieaboh; and the Nigerian National Petroleum Company Limited (NNPCL), among others.

The committee is also concerned about the disparity in figures from crude oil sales from 2011 to 2014 and is accusing the minister of finance of approving payments to whistle-blowers in variance with the whistle-blower policy.

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