Reps summon NEPC MD over status of $1.67bn crude oil revenue

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The House of Representatives ad hoc committee investigating alleged loss of crude oil revenue has summoned the Managing Director of Nigeria Export

The committee is investigating alleged loss of over $2 billion in revenue from illegal sale of 48 million barrels of crude oil export from 2015 including crude oil export from 2014.

The committee also re invited the former Attorney General of the Federation, Abubakar Malami to know the status of the cases instituted with regards to those who had cases to answer on the alleged loss of crude oil. “In the letter, you request that the former AGF, former DG NIMASA also provide information on the status of this investigation and they will be invited in line with the submission of the report,” he said.

He further said it sounded like an attempt to shield those involved in the alleged pilfering of the country’s resources, while commending the court that got judgement in favour of NEPC. “But in 2013 when the revenue from the crude oil continued to dwindle, we coordinated data of actual lifting of crude oil.

 

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