Reps summon NNPC GMD, others over ‘missing’ N91trn oil revenue

The House of Representatives Committee on Petroleum (Downstream) yesterday summoned the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, over alleged missing N91trillion oil revenue.

Also to appear alongside Baru, in a yet to be fixed date, are Managing Directors of Alkhairi Oil Plus Energy Limited, Mr. Ibrahim Bature and Mahat Petroleum/Gas Limited, Mr. Friday Olelewe.

The Committee Chairman, Joseph Akinlaja (ZLP, Ondo) who announced the summon in Abuja said the invitees must appear before the Committee to explain their role in the alleged backhand lifting of 80 trillion metric tonnes of crude oil since 27 June, 2016, in which Nigeria has lost over N91 trillion revenue.

According to him, the Committee’s investigation rests on a motion on the floor of the House in June 2018, which disclosed that Nigeria is currently losing over N91trn naira over an illegal oil deal between NNPC and a Chinese oil lifting firm, Huang Bo Hai Petrochemical Industries Limited.

Source: Daily Trust

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