Thursday, March 03, 2016

Diezani shuns Reps panel over $24bn contracts query


The immediate past Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, on Wednesday failed to appear before the ad hoc committee of the House of Representatives investigating the crude oil swap contracts of the Nigerian National Petroleum Corporation.

The former minister neither appeared in person nor sent a representative to the hearing of the committee, which is chaired by an All Progressives Congress lawmaker from Kwara State, Mr. Zakari Mohammed.


The committee had summoned Alison-Madueke and a former Managing Director of the Pipelines Product Marketing Company, Mr. Haruna Momoh, in connection with the lifting of crude oil worth $24bn in exchange for refined petroleum products.

Two crude oil trading firms, Duke Oil and Tranfigura reportedly lifted the crude oil between 2011 and 2014 without valid contracts.

The summons were issued after three former GMDs of the NNPC – Mr. Austin Oniwon, Mr. Andrew Yakubu and Mr. Joseph Dawha – had informed the committee that Alison-Madueke “approved” the contracts without signing any valid agreements with the firms.

On Wednesday, however, the former minister failed to show up at the committee’s sitting.

Momoh too did not come.Punch

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