The House of Representatives has threatened to issue warrant of arrest on the Governor of Central Bank of Nigeria, Mr Godwin Emefiele, and the Accountant-General of the Federation, Mr Ahmed Idris, over oil licenses.

According to the House, the threat is in respect of the sale of Oil Prospecting Licenses (OPLs) and Oil Mining Leases OMLs to some international oil companies (OICs).

The Chairman of the House AdHoc Committee on OPLs/OMLs, Rep. Gideon Gwani (PDP-Kaduna), issued the threat while briefing newsmen on Friday in Abuja.

He said the committee’s mandate was to carry out investigation of all the OPLs and OMLs granted by the Federal Government.

Gwani further said that in the course of the investigation, the committee discovered that there were many anomalies in the process of the award of the oil blocs to IOCs by the government.

The lawmaker said that other issues being investigated by the committee include the award of marginal fields and signature bonuses among others.

Gwani also said that no production activity took place in some oil blocs awarded to the IOCs over 30 years ago.

He said that though there were pieces of evidence that about 26.2 dollars were invested by the government, no evidence of payment for the signature bonus was made in respect of the payment.

“Our findings have shown that 1.4billion dollars may be lost by the Federal Government on the OPLs/OMLs deal,’’ he said.

He also said that the committee needed clear evidence that the signature bonuses for the marginal fields were paid for by the IOCs.

Gwani said the officials would be arrested if Ministry of Petroleum Resources, CBN and AGF Office failed to provide evidence of payment of the signature bonuses on the sale of the oil blocs.

He said, “It is also worth mentioning that in the course of the investigation, the committee discovered a lot of issues being investigated to arrive at a conclusion.

“Some of the discoveries include the award of oil blocs by persons other than those prescribed by the petroleum Act.

“Other issues are the guidelines and the processes of the award where oil blocs were awarded to persons or companies other than those that participated at the bid rounds.

“The other one is the award of marginal fields for life.”

He said that some of the oil blocs were renewed and assigned to other companies without the approval of the president as spelt out in the petroleum Act.

http://investorsking.com/reps-threaten-to-arrest-cbn-gov-agf-over-oil-bloc-sale/

Confused piple

Criminals everywhere

This our can go. sef

Saint PMB and his angels

Ok

Ok

They are fooling themselves not me, useless set of people.

Only in nja u see thieves catching thieves

buhari will come for the rep members like..

Good, until they receive bribe Money and shut up

what has it been used for?

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Noise

My people do not worry yourselves, it will soon be all over. These people you see today are all about to be swept out in a wave that is coming. When it is night is darkest, that is when the day comes.

He sold oil bloc n they are threatening him with arrest......

.....

............Nigeria give up the ghost already

Toothless bulldogs never cease to make empty threats.....Maybe they want their palms greased...

Fighting between robbers and their co-men. They find that balances in their account is not up to thier needs that is why another source will be looked for.

I regret bein a part of this god forsaken nation with sets of unserious elements.

NOW I DAT MOST PPLE AT D NA R IMBEC.LES N DERANGED PPLE. ARRESTING D CBN GOVERNOR, WHILE ALLOWING D PETROLEUM MINISTER N HIS DEPUTY 2 BE FREE. NIGERIA IS DOOMED 4 EVA.

e-diots all over the place. Nigerians will issue a bench warrant against members of the NASS for failing to carry out their mandate. Priorities are just under the sea in this country of ridiculousness. Why can't the HoR focus on their core mandate? Are they done working on the myriad archaic laws we have in the country? Whats worse is that they don't even have the powers they arrogate to themselves half the time. Shior!

The most corrupt government ever.

I cannot wait for the coming protest

this people are using our skulls to drink Garri

APC fighting corruption... Where the Zombies.... Come defend your Master ohhhhhh.

TrueSenator:
Saint PMB and his angels

Yes Buhari's government is investigating the sales,all transactions in question and under the spotlight were carried out under pdp previous administrations.

Emmafrancis:
The most corrupt and confused government ever.

(1)Goodluck Ebele Jonathan 2010-2015. (2)General Sani Abacha 1993-1998 (3)General Ibrahim Gbadamosi Babangida 1985-1993.

tuoyoojo:
I cannot wait for the coming protest

this people are using our skulls to drink Garri

Itsekiri man empty barrels make the loudest noise,upcoming protest where and against who?or against which tier of Government,Federal,State or Local Government?just need clarity.

Na so

This is what we've always hammered on.Now it involves their 'son',see useless comments such as calling house of rep members thieves but had it been it was Lawal or Madam Adeosun that they issued this threat again, they will praise the rep members and hail them.It's why I personally don't take their blind opposition and myopic criticism seriously.