$2.4bn Stolen Crude Probe: Reps. Invites Finance Minister, SGF, NNPCL, Others

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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 $2.4 billion in revenue from illegal sale of 48 million barrels of crude oil export in 2015.

Some of the officials invited 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 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.

The ad hoc House 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.