The House of Representatives has resolved to constitute an Ad-hoc committee to investigate a whistle-blower's allegations of the illegal sale of 48 million barrels of Nigeria's Bonny Light crude in China in 2015 and the insurance status of the cargo.
The House also moved to investigate all crude oil exports and sales by Nigeria from 2014, till date, with regards to quantity, insurance, revenue generated, remittances into the federation accounts or other accounts as well as utilisation of revenue for the period under review.
The lawmakers consequently moved to investigate all proceeds recovered through the Whistleblowers Policy and the level of compliance by the policy.
The resolutions followed the adoption of a motion on the, "Alleged Loss of over $2.4 Billion in Revenue from Illegal Sale of 48 Million Barrels of Crude Oil Export in 2015 including Crude Oil Exports from 2014 till date" moved by the Hon. Isiaka Ibrahim at plenary on Tuesday.
Ibrahim while presenting the motion said that, "the allegations by a whistleblower in July 2020 that he had in July 2015 and in response to the current administration's whistleblower policy brought to the attention of a committee purportedly set up by the president for the recovery of missing crude oil exports, the existence of 48 million barrels of Nigeria's Bonny Light crude oil in storage at several ports in China ostensibly under the authorisation of the Nigerian National Petroleum Corporation (NNPC) and the intention of parties in...
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