$17bn Crude Oil Probe – Reps

The House of Representatives ad-hoc committee  investigating the $17 billion stolen through undeclared crude oil and liquefied natural gas has alleged that the Central Bank of Nigeria (CBN) gives conflicting responses to its inquiry.

Chairman of the committee, Hon. Abdulrazak Namdas  noted that the International Oil Companies involved had provided required documents to the committee, but said full investigation could not commence, as the CBN has refused to give required details.

According to Namdas, the committee had written two separate letters to the CBN and the apex bank responded with conflicting signals.
The committee hereby insisted that Emefiele must appear before the committee in person to clarity issues.

“We have sent two different letters to the CBN, and the bank has provided two conflicting responses to our inquiry. In response to the first letter, the apex bank pleaded for time due to the volume of documents required, but in response to the second letter, the indicated that it has no record of undeclared crude,” Namdas stated.

The committee however   issued a one week ultimatum to the CBN Governor,  Mr. Godwin Emefiele, failure of which it‎ threatened to issue a warrant of arrest against him.

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