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

EFCC Arraigns Four in Lagos Over Alleged N91.7m Theft and N3.4m Fraud

By Francis WilfredThe Economic and Financial Crimes Commission...

FULL LIST: Tinubu Names Dambazau as Nigeria’s Ambassador to China

President Bola Ahmed Tinubu has appointed former Minister of...

Dangote Refinery Supplies 92% of Nigeria’s Petrol as FG Halts Imports

The Nigerian Midstream and Downstream Petroleum Regulatory Authority says...

Pro-Wike PDP Fixes May 23 for 2027 Presidential Primaries

By Joyce Remi BabayejuThe Pro-Wike faction of the Peoples...

NMWF Supports Healthcare , Upgrades Sections of Zuba General Hospital

By Joyce Remi- BabayejuThe Nigerian Ministers' Wives Forum (NMWF)...

Civil Society Coalition Raises Alarm Over Nigeria’s Maritime Boundaries, Oil Wells Allocation

A coalition of Civil Society Organizations (CSOs), maritime experts...

Julius Berger demonstrates commitment to CSR as Academy graduates 36

Julius Berger Nigeria Plc has demonstrated its commitment to...

US Spent $11bn on Iran War in First Six Days – Report

The United States spent more than $11.3 billion during...

Senator Nora Daduut Congratulates Plateau Governor Caleb Mutfwang on 61st Birthday

By Golok Nanmwa, JosSenator Prof. Nora Ladi Daduut, Nigeria’s...

Rainstorm Destroys Over 40 Houses, Churches in Kogi Community

From Noah Ocheni, LokojaResidents of Egbeda Egga community...

Related Articles

Popular Categories

spot_imgspot_img