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Agencies Shun House Probe Of Undeclared Crude Oil Exports

Channels Television  
Updated April 10, 2017

Agencies Shun House Probe Of Undeclared Crude Oil ExportsTwelve government agencies on Monday failed to appear before the House of Representatives Ad Hoc Committee probing the alleged undeclared crude oil and liquefied natural gas exports to global destinations.

Those that failed to appear before the lawmakers who summoned 15 agencies include: The Nigeria National Petroleum Corporation, Nigeria Customs Service and Nigerian Ports Authority.

The Chairman of the House Committee, Honourable Adbulrazak Namdas, who seemed unhappy with the development, tasked government agencies to play their part in the fight against corruption.

“Reports have it that over 57 million barrels of Nigerian crude oil were illegally exported and sold in the USA between January 2011 and December 2014.

“The estimated revenue loss by the Government of Nigeria is around $12 million at an exchange rate of 196 Naira to a dollar; this translates to over two trillion Naira,” Honourable Namdas said.

The Minority Whip of the House, Honourable Yakubu Barde, who declared the event open, said the allegations and others have left a shadow on Nigeria’s development.

“The specter of oil theft and associated crimes in the industry in Nigeria is unending and has remained an albatross on the national development needs till date.

“The problem of oil subsidy and the ‘ripping off’ of Nigeria and Nigerians may be assuming the crimes of yesteryears.

The Committee was forced to adjourn its sitting till Tuesday, April 11.












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