• Reps to probe $17bn undeclared crude oil, gas exports

    Reps to probe $17bn undeclared crude oil, gas exports

    It was gathered that the House of Representatives yesterday resolved to investigate undeclared revenues from crude oil and Liquefied Natural Gas (LNG) exports from 2011-2014, estimated at $17 billion.

    The resolution followed the adoption of a motion entitled: “Urgent Need to Investigate over $17 billion Stolen from Undeclared Crude Oil and Liquefied Natural Gas Exports to Global Destinations,” sponsored by Mr. Johnson Agbonayinma (Edo-PDP).

    The House resolved to set up an adhoc committee to investigate 20 companies, two federal agencies, two law […]