Reps Grill Malami Over Missing $2.4bn Crude Oil Sale

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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.

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