ABUJA—MEMBERS of the adhoc committee on Crude Oil Swap deals have prepared 127 questions for oil marketers with oily fingers to answer.[left][/left]
Also, agencies and marketers found wanting will be made to cough out such ill-gotten monies with interests paid into the coffers of the Federal Government, according to a source privy to this development.
According to a member of the committee, “we’ve concluded all our investigative hearings on crude oil swap and the revelations are earth shaking, particularly in the volumes of swaps and outrageous gaps in receipt of payments during this oil swap regime.”
Asked whether there is any pressure from the oil marketers, the source said: ”Yes, of course, some of the marketers are trying to use legal weapons to truncate a job we painstakingly investigated. But members of the committee are resolute and for their threats we’ll go the extra mile by ensuring that every kobo stolen must be returned with interests”.
“We will not even stop at that, immediately we conclude the public hearing next month those found wanting will be invited by all the anti-graft agencies.
“The pressure on us is enormous to bend the rule to favour those who think they are untouchable but we’ll surprise them beyond their expectations as all the questions must be answered.”
The Adhoc committee was set up following a motion promoted in June 2015 by Rep Michael Enyong, Akwa Ibom PDP, who alleged that the country has lost considerable revenue from the oil traders involved in the crude oil swaps and Offshore Shore Processing Agreements (OPAs).
There were allegations that the oil traders under-delivered petroleum products to the PPMC, the NNPC subsidiary responsible for taking delivery of the products after crude oil has been lifted by the traders.
The committee is charged with exposing corruption, inefficiency, and waste in the operations of the swap agreement, as a prelude to the efficient and transparent management of the nation’s resources for improved revenue generation for the country.

Yes, I think we Nigerians need this kind of findings and I pray they are successful in the due process.

If the house of rep members are sincere, there will be light at the end of the tunnel.

Until someone is jailed,all this corruption charges and subsequent bails means nothing to us

Thunder go fire anybody wey shout witch hunting When the jailing commences... i dey watch that person in 3D...