Crude oil shortfall: Reps to probe Alison-Madueke, NNPC

Diezani alison madueke30 September 2013, Abuja – The House of Representatives is to investigate claims by the Minister of Petroleum Resources, Diezani Allison-Madueke that $20.9 billion was realized from the sales of crude oil between January and September this year.

The lawmakers said documents available did not support the minister’s claims.

Besides, the lawmakers emphasized the need to unravel the non-disclosure of production and proceeds from gas by the Ministry of Petroleum Resources and the Nigerian National Petroleum Corporation (NNPC)

The Chairman, House Committee on Finance, Abdulmumin Jibrin, said the claim of $20.9 billion realized from crude sale by Alison-Madueke was as a ruse, calculated to mislead Nigerians.

According to him, Nigerians would rather prefer the minister to explain how the nation fell short of N321b in its revenue from oil in the same period.

He said the reason for the investigation was aimed at encouraging transparency and accountability in the oil and gas sector, adding that Nigerians are only interested in how much was actually going to the coffers of federal government from the said $20.9 billion.

According to him, contrary to what Nigerians were meant to believe, official documents and figures showed that revenue targets were only barely met in the months of April when N212.029 billion was remitted with N210.202 billion in May.

– The Nation

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