The House of Representatives ad hoc committee investigating alleged corruption, malpractices and breach of due process in the award of $1.1b Malabu oil deal OPL 245 yesterday reopened its investigation.

The seventh House’s report on the matter was never presented. The 8th House resolved on January 27 to re-open the investigation.

Members of the committee, seeking to highlight how $1.1 billion meant for the Federation Account was ispirited away, expressed shock that the Nigerian National Petroleum Corporation (NNPC), AA Oil and Gas and Malabu Oil shunned the meeting.

But from the beginning of the investigative session the committee was at variance with the position of Shell, particularly the letter written by Chief Richard Akinjide (SAN) to the committee on behalf of the oil giant that the House had no power to investigate the matter. http://mystatenews.com/reps-reopen-1-1b-malabu-oil-deal-probe/