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Home House of Representatives

Finance minister snubs Reps over alleged $2.4bn oil fraud

by Alade Abayomi Adeleke
April 21, 2023
in House of Representatives
Reading Time: 2 mins read
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The Minister of Finance, Zainab Ahmed, has been alleged with $2.4 billion fraud by the House of Representatives, who had requested for her response to no avail.

 

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However, the Attorney General of the Federation, Abubakar Malami, on the other hand, has indicated readiness to appear before the Reps ad hoc Committee investigating the alleged loss in unremitted oil revenue.

 

The fund, they claim, is from the illegal sale of 48 million barrels of crude oil exports from 2014 to date.

 

Peoples Gazette reported that during the resumed investigative hearing in Abuja, the AG expressed his readiness to respond through a letter sent to the ad hoc committee and read by its chairman, Mark Gbillah.

 

In it, Malami said he would provide relevant information on the alleged sale of 48 million barrels of crude oil amounting to over $2.4 billion and crude oil export to global destinations from 2014 to date.

 

Gbillah, acknowledging receipt of the letter, said, “Today we are in receipt of a letter from the attorney general of the federation and the minister of justice who is indicating his determination to respect the doctrine of separation of powers and to support our extant laws.

 

“While we appreciate the attorney general’s response, we would like to indicate that it came a lot later than we expected, and it came without the response that we referred to.

 

“So, we will appreciate it if the AGF provides these responses and also appear before the committee next Thursday. So, let’s give him the window to appear before the committee.

 

“The accountant-general sent a response and has not responded to our follow-up because we asked further questions (as) to what he provided us information about. But we want to call on the minister of finance like the AGF (to) show regard and respect for the separation of powers as enshrined in our Constitution and respond to the request of the committee.

 

“Like I already said, we are giving her the benefit of the doubt. We are not unmindful of the other powers we have, and we are (not) afraid to exert them. We will do so if the leeway we have provided is still neglected and not recognised by the honourable minister of finance.”

 

During the resumed investigative hearing the committee quizzed the management staff of some oil companies involved in the lifting and selling of crude oil to global destinations. This was in furtherance of the investigation into the alleged sale of 48 million barrels of crude oil amounting to over $2.4 billion and crude oil export from 2014 to date.

Tags: Abubakar MalamiAlleged FraudHouse of RepresentativesZainab Ahmed
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