Reps summon Emefiele over alleged $17 billion undeclared oil sales

House of Reps
House of Reps

The House of Representatives ad hoc Committee investigating the alleged stolen $17 billion oil and gas sales on Thursday ordered Governor of Central Bank of Nigeria (CBN) Godwin Emefiele, to appear before it within one week.

The money was allegedly stolen through undeclared crude oil and liquefied natural gas export.

The committee threatened to issue a warrant of arrest on the governor if he failed to appear within the period.

The Chairman of the Committee, Abdulrazak Namdas, said the international oil companies allegedly involved in the deal had provided the committee documents required to commence the investigation.

Mr. Namdas expressed concern that full investigation could not begin because of the failure of CBN to give the required details.

He alleged that CBN provided conflicting responses to its inquiry on the matter and as such the governor must appear in person to clarify issues and provide necessary details needed to facilitate the probe.

“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, CBN indicated that it has no record of undeclared crude,” Mr. Namdas said.

He expressed disappointment over Mr. Emefiele’s absence without representation at the investigative hearing.

The chairman warned that the committee would invoke the law against any individual or government agency delaying the investigation.

“We expected him to be here and he is not, we are disappointed.

“We will not allow any agency of government to delay the committee’s work.

“If in the next one week, the CBN Governor did not appear before this committee, we will not hesitate to exercise our powers in line with section 88 and 89 of the 1999 constitution.”

According to Mr. Namdas, the required details from the CBN are vital as the investigation cannot commence without them.

“Most of the international oil companies have furnished us with the information needed but CBN is very vital and key to this investigation and we cannot jump the gun,’’ he said.

The assembly set up the committee in September 2016 to investigate 17 billion dollars allegedly stolen from undeclared crude oil and liquefied natural gas export between 2011 and 2014.

(NAN)


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  • Watch man

    Why will the man not snub you bunch when you are all doing the same thing? If you guys there in NASS are representing the people of Nigeria you would have ensured the recovery of over $200bn we read that was stolen from Nigeria by people that are known and there would be no need for the young lady, finance minister, to come out and be telling us that Nigeria would be borrowing to finance budget.

    • Watch man

      Now that the clueless Emefiele has reintroduced bank charges on deposits and withdrawals the so-called NASS would not summon him and get him to stop the exploitation, perhaps because it does not affect them. So disgraceful.

  • Riseup Nigeria

    Another tales by moonlight by a set of shadow chasing bunch of jesters. Apc government is the biggest mistake of nigerian nation.

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  • Artful ºDodger

    Another avenue for the senators to get their own share of the loots from those who have stolen the money. Why not hand over the probe to the EFCC since NOTHING beside what i have just said ever come out from senator probes?

    By the way, whatever happened to the Elumelu led probe of those day?

  • FreeNigeria

    Nigeria my country, where corruption and wickedness reign supreme.

  • George

    Has the glass cutter staff of the Buhari honor your invitation or not, has he been arrested.

  • thusspokez

    I read the report; and was about to exit this page but decided to read some of the comments.

    My question to the posters of these comments — presumably, most of whom are Nigerians –, is why do you react so rudely to the House of Representatives ad hoc Committee investigation? What is the matter with you Nigerians? You seem to have lost any sense of morals. You have inverse morality — what is good is bad; and what is bad is seen as good.

  • Powerlessconscious

    The assembly set up the committee in September 2016 to investigate 17 billion dollars allegedly stolen from undeclared crude oil and liquefied natural gas export between 2011 and 2014.

    “WHAT ABOUT ALSO INVITE CLEULESS GEJ AND OKONJO who were at the helm of affairs during those years?

    Why was all of you against Sanusi when blew the trumpet that time?