Reps Probe $850b Missing Crude, Non-Oil Export Proceeds
The House of Representatives has launched a probe into the alleged non-repatriation of Nigeria’s crude oil and non-oil export proceeds, estimated at more than $850 billion between 1996 and 2014. Chairman of the House Ad Hoc Committee on Pre-Shipment Inspection of Exports and Non-Repatriation of Crude Oil Proceeds, Mr Seyi Sowunmi, disclosed this during the committee’s inaugural press briefing in Abuja. Mr Sowunmi said recent findings suggest that about 40 […]