The House of Representatives on Thursday ordered a probe of the $17bn worth of allegedly undeclared crude oil and liquefied natural gas exports to foreign countries.

The decision followed the adoption of a motion sponsored by Mr. Agbonayinman Ehiozwa at the plenary session of the House presided over by the Speaker, Yakubu Dogara.

While presenting the motion, the lawmaker alleged that the deal involved 20 companies, two government agencies, two law firms and a consultant appointed by the immediate past administration of President Goodluck Jonathan.

Ehiozwa said the motion was predicated on the findings of Molecular Power System Nigeria Limited, which looked into the issue during the last administration.

According to him, it was discovered that from 2011 to December 2014, there was an undeclared crude oil shortfall of 57,830,000 barrels, translating to well over $12bn shipped to the United States of America; over $3bn to China; and $839,522,600 to Norway.

He said, “I am further aware that this job has been done in 51 countries where Nigerian crude oil has been exported; the report of the USA being the largest receiver of crude oil and that of other countries was made available to the former President, the office of the Attorney General of the Federation, the Nigerian Maritime Administration and Safety Agency and the Economic and Financial Crimes Commission.

Ehiozwa stated, “As of today, the country has to its credit over $17bn of recoverable shortfalls from undeclared crude oil exports to global destinations.

“I am dismayed that the fiscalisation policy of the Federal Government, which warrants loading of crude oil from Nigeria to be monitored by the DPR, the Navy, the Customs, the Nigerian Ports Authority and the Nigerian Maritime Administration and Safety Agency, has been crippled over the years.

“These agencies have lost the capacity to go to offshore locations to witness loading. The machines that monitor loading into the vessels were bought, owned, calibrated and operated by the International Oil Companies without monitoring.”

He expressed disappointment that the data so far gathered indicated that for the LNG, there was a shortfall of 727,460 metric tonnes estimated at about $461.44m from shipments to seven countries.

The motion was adopted by the House but a date has yet to be set for the probe.



http://punchng.com/reps-investigate-17bn-undeclared-crude-oil-exports/

A Nigeria where the population is suffering... Some individuals are still swimming in our commonwealth


Viole

The Oil big players will bribe thier way out....

Faruk Lawan comes to mind

And some fools still wonder why we are in recession. If Gej had been allowed to keep ruling this country, only God knows what would have become of this country.

See Moni

Rubbish...Upon all the investigations nothing will happen...it will be swept under the carpet as usual

When we thought we've seen it all, different cover ups everywhere. Corruption was the bedrock of the past administration. And I don't think we'll see the end of it till 2019. Now I know why we are here now.

I just hope they won't make noise about this and collect bribe from the big oil players. Until top politicians are jailed before these thieves will know our commonwealth theirs alone. Till then, they will just keep stealing and bribing their way out.

Anything about our National Assembly Is a Joke

dustmalik:
And some fools still wonder why we are in recession. If Gej had been allowed to keep ruling this country, only God knows what would have become of this country.

We would av been in Venezuela's mode

I only wish all this investigations and other cases can be pursue to the end and justice properly served irrespective of who is behind the crime, then Buhari would have achieved 100% one of his campaign promises. Saraki case has gone down, dogara is trialling same path.

dustmalik:
And some fools still wonder why we are in recession. If Gej had been allowed to keep ruling this country, only God knows what would have become of this country.

.

dustmalik:
And some fools still wonder why we are in recession. If Gej had been allowed to keep ruling this country, only God knows what would have become of this country.

Let me bookmark this post for when nothing will come out of this noise.
Did you not read where they acknowledged the forensic audit already done?

SamuelAnyawu:
The Oil big players will bribe thier way out....


Faruk Lawan comes to mind

Simple, they want to investigate it just so as to trigger settlement by the culprits...this is what you may term "juicy case"...

Budget padding, false declaration of assets, looters and dishonest leaders.

Criminals investigating criminals....

they only tell us what we need to hear. in my own opinion, mere change or transformation is not what we need. what we need is complete revolution.

First tell us the outcome of the budget padding investigations. Bunch of rogues!

Rogues wanna investigate thieves,.Notin wil happen

Drama

no wander.stealing was not corruption

See money

princemillla:


We would av been in Venezuela's mode

I only wish all this investigations and other cases can be pursue to the end and justice properly served irrespective of who is behind the crime, then Buhari would have achieved 100% one of his campaign promises. Saraki case has gone down, dogara is trialling same path.

our leaders are all freaks..

Fools too...

Femich18:
Rubbish...Upon all the investigations nothing will happen...it will be swept under the carpet as usual

they would even secretly share the money..

Take our politicians serious at your own risk..

Who see them they rake like this go think say they go do something. Yeye people

T

StephanieLuv:

.....So you no go comment because the House of Reps dey investigate your chop chop abi ?

How can a thief catch a thief? It's impossible

The most unproductive set of people in Nigeria.
They will later come out with some shambolic report later on..because of the kind of country we are in.

So

dustmalik:
And some fools still wonder why we are in recession. If Gej had been allowed to keep ruling this country, only God knows what would have become of this country.

That's MAN was not fit for office. I know for a fact that more than half of Nigeria's revenues were stolen before entering the budget. When they budget they steal another one-third and the remaining two-thirds of that budgeted money they keep in banks before TSA came. Yet some minister was reporting fantastic GDP growth figures when we all knew infrastructure and power development did not support that figure.
The failure of GEJ was his self acceptance that he was not in government to correct any I'll or change anything. If OBJ was corrupt he would be corrupt, if oil companies were stealing crude oil money , who was he to stop that.

So we had a situation that old warriors like OBJ and Buhari were more radical and change orientated than a 56 year young man.

The giant of Africa