Reps Grill Malami Over Missing $2.4bn Crude Oil Sale

The New Diplomat
Writer

Ad

Details as DR Congo Dumps Nigeria Out of World Cup Qualification Race

By Abiola Olawale The Super Eagles of Nigeria have been eliminated from the race to qualify for the 2026 World Cup in the United States. This is as DR Congo defeated the Super Eagles at the CAF World Cup final on Sunday. DR Congo has now proceeded to the intercontinental playoff following a dramatic penalty…

Lieutenant Yerima escapes assassination attempt in Abuja

A young Nigerian Navy officer, Lt. A.M. Yerima, who recently had a confrontation with the Minister of the Federal Capital Territory, Nyesom Wike, reportedly escaped an assassination attempt on Sunday evening. Military sources told Vanguard that Yerima was trailed by unidentified men dressed in black and riding in two unmarked Hilux vans with no number…

When Character Leaves Its Footprint, by Johnson Babalola

By Johnson Babalola Over the years, in both my personal and professional journeys, I have encountered people of many different characters. Some have amused me, others have shocked or surprised me. A few have inspired and encouraged me, while others have left me deeply troubled. Some crossed my path only briefly, yet their impact—positive or…

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