x

House to Investigate Stolen Crude

By Doris Ferdinand

The House of Representatives at Wednesday plenary called for the immediate investigation of the allocation of crude oil under the Direct Sale Direct Purchase (DSDP) Scheme.

In a motion moved by Hon. Makki Abubakar Yalleman -APC Jigawa who called the attention of the House to a news paper publication dated 14th February, 2021 noting that the publication was an eye opener of how the Country’s crude oil is being stolen.

Makki said the report in the publication showed that approximately 5.2 million barrels of crude supposedly allocated to comatose NNPC refineries in 2018 under Direct Sales Direct Purchase (DSDP) operations are unaccounted for. Essentially, almost half of the 10.9 million barrels of crude oil allocated for domestic supply between June 2018 and July 2019 as reported by NNPC is either stolen or diverted.

Worried at the spate of missing national revenue, Yalleman said;

“Unless these leakages are being plugged, they will deepen the national deficit even further thus drepriving the country of the much needed development.”

The house therefore referred the matter to the House committee on Petroleum Resources (downstream) for further legislative action.

Hot this week

Tinubu Charges New Envoys to Boost Investment, Reorders Foreign Policy Priorities

By Francis WilfredPresident Bola Tinubu has charged Nigeria’s...

Over 40 Nigerians Graduate from Chinese Language Program in Abuja

More than 40 Nigerians have completed the first phase...

NTDA Boss, Awakan Takes Tourism Smart Hub to OOU

By Joyce Remi- BabayejuThe Nigerian Tourism Development Authority Director-General,...

FUO VC Seeks Lower Transport Fares For Staff, Students

The Vice-Chancellor of Federal University Otuoke (FUO), Professor Promise...

Police Arrest Man Over Alleged N900,000 Plot to Kidnap Aunt in Delta

By Anne AzukaThe Delta State Police Command has arrested...

Police foil bomb explosion at Ikot Ekpene Prison, rescue 14 kidnapped students

By Ogenyi Ogenyi,UyoThe Police in Akwa Ibom has successfully...

Monarch Raises Alarm Over Threat to Abducted Women, Children in Kwara Community

The traditional ruler of Woro community in Kaiama Local...

Nigeria Seeks Protection for Citizens After Two Killed in South Africa

The Federal Government has called for the protection of...

Top Players to Watch in Champions League Semi-Finals as Teams Battle for Final Spot

The UEFA Champions League semi-finals have highlighted tight tactical...

The Impact of the US–Israel–Iran Conflict on Nigeria

By Shemudara Blessing MorayoIn today’s interconnected world, conflicts...

Tinubu Charges New Envoys to Boost Investment, Reorders Foreign Policy Priorities

By Francis WilfredPresident Bola Tinubu has charged Nigeria’s...

Related Articles

Popular Categories

spot_imgspot_img