x

Reps Meet Malami Over Missing $2.4bn Crude Oil Sale

The Attorney General of the Federation (AGF), Abubakar Malami says so far his office has successfully recovered over one billion dollars ($1bn) for the country.

He stated this when he appeared before an ad hoc committee of the House of Representatives which is investigating the alleged missing 2.4 billion dollars in revenue from 48 million barrels of crude oil in 2015.

For a second time, the AGF appeared before the House Adhoc Committee.

He maintained his earlier position that he is unaware of the missing funds and responds to the request of the committee for the statement accounts of recoveries made since 2015.

Both parties also disagreed on the interpretation of the single account of the Federation as stated in the constitution.

Although the present administration and the Ninth National Assembly are approaching their end, the AGF agreed to work with the committee to get to the root of the missing funds.

Meanwhile, the Minister of Finance; Zainab Ahmed and the Governor of the Central Bank of Nigreria (CBN), Godwin Emefiele are yet to make an appearance before the House Committee.

Hot this week

CBN ends cash deposit limit for bank customers

The Central Bank of Nigeria has removed all limits...

Why Tracking Bandits With Technology Is Difficult — Presidential Aide

The Special Adviser to President Bola Tinubu on Policy...

Defected Rivers Lawmakers Free to Leave PDP — Wike

The Minister of the Federal Capital Territory, Nyesom Wike,...

NHRC Commends Kano Speaker Falgore for Consistent Quality Legislation

By Jabiru HassanThe National Human Rights Commission (NHRC) has...

Oba Community Leaders Petition EFCC, Demand Prosecution of Northbridge Energy Chairman

By Achadu Gabriel, KadunaCommunity leaders in Oba, Idemili...

NIPR Postpones Annual PRICE Awards to January 25

By Francia WilfredThe Nigerian Institute of Public Relations...

PEBEC Ranks NCC Among Top Five Best-Performing Government Agencies in 2025

By Wilfred Francis The Presidential Enabling Business Environment...

Security Agencies Uncover Plot to Stage Protest Against President Tinubu, NSA Ribadu

Nigeria’s security agencies have reportedly uncovered a plan by...

What Exactly Is an Open Relationship? Here’s a Clear Breakdown

Open relationships allow partners to explore romantic or sexual...

Early Warning Signs of a Heart Attack — and How to Save Your Life in Seconds

Heart attacks can occur suddenly and without warning —...

Related Articles

Popular Categories

spot_imgspot_img