Reps Grill Malami Over Missing $2.4bn Crude Oil Sale

The New Diplomat
Writer

Ad

2027: El-Rufai Officially joins ADC

By Abiola Olawale Ahead of the 2027 general election, former Kaduna State Governor Nasir El-Rufai has officially joined the African Democratic Congress (ADC). The announcement comes as the opposition coalition adopted ADC as its official political party ahead of the 2027 General Elections. It was gathered that El-Rufai registered with the ADC and picked up…

Tinubu Unveils Nigerian Team For Joint Security Working Group With the US

By Abiola Olawale President Bola Tinubu has officially approved the composition of the Nigerian team for a joint security working group with the United States. ​The establishment of this US-Nigeria working group follows high-level talks held recently in Washington, D.C., where a Nigerian delegation, led by the National Security Adviser (NSA), Mallam Nuhu Ribadu, met…

Guinea-Bissau on edge as military names Gen Horta Inta-A head of transitional government

By Obinna Uballa Guinea-Bissau’s political crisis deepened on Thursday after the country’s military announced that General Horta Inta-A had been appointed to lead a one-year transitional administration, days after a disputed presidential election threw the nation into turmoil. The announcement, made via state broadcaster TGB, marks the latest twist in an unfolding power struggle that…

Ad

By Charles Adingupu 

For a considerable number of hours, Lawmakers at the Green Chambers engaged the Attorney General of the Federation (AGF), Abubakar Malami over the mysterious disappearance of a whooping $2.4billion crude oil sales.

The AGF who is appearing before an Adhoc committee of the House maintained his earlier stance that he was unaware of the missing funds.

Mr. Malami who responded to the request of the committee members to produce the statement of accounts of recoveries made since 2015, disclosed that so far, his office has successfully recovered over one billion dollars ($1bn) for the country.

The ad hoc committee of the House of Representatives is currently investigating the alleged missing 2.4 billion dollars in revenue from 48 million barrels of crude oil in 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.

Ad

X whatsapp