The House of Representatives on Thursday ordered another round of investigation into crude oil sales and remittances by the Nigerian National Petroleum Corporation.
The focus of the fresh investigation is on the “volume and value of crude oil sales and remittances” by the corporation from January 2013 to date.
The investigation, which will last four weeks, is to be conducted by an ad-hoc committee of the House.
The resolution of the House followed a motion moved by Mr. Haruna Manu, who raised the alarm that about $13.9bn crude oil revenue could not be accounted for by the NNPC.
Manu, who quoted from statistics allegedly generated by the NNPC, told the House that the value for crude sales from January to August stood at $20.9bn.
However, he said only $7bn was remitted to the Federation Account by the corporation.
Manu added that “this shows that $13.9bn is not accounted for and it raises questions about how it was spent.”
He claimed that from September to date, the corporation had not given an account of crude oil sales.
Punch
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