Skip to content
July 20, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • $2.4bn Oil Probe: AGF set to appear before Reps committee
  • National News

$2.4bn Oil Probe: AGF set to appear before Reps committee

Admin April 21, 2023
crude oil

Crude oil production up in June

crude oil
Crude oil production up in June

The Attorney General of the Federation (AGF), Mr Abubakar Malami, has indicated readiness to appear before the House of Reps adhoc committee investigating alleged loss of over $2.4 billion unremitted oil revenue

The revenue is from illegal sale of 48 million barrels of crude oil export from 2014 till date.

The minister expressed this through a letter sent to the adhoc committee and read by its Chairman, Rep. Mark Gbillah, during the resumed investigative hearing in Abuja on Thursday.

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, while 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.”

He said the minister indicated the fact that he was trying to put together the comprehensive response that the committee had raised.

“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 if the AGF provides these responses and to also appear before the Committee next Thursday. So, let’s give him the window to appear before the Committee.”

He however said that the Minister of Finance was still evasive, adding that the committee had not received any submission or response from the minister.

“The Accountant General sent a response and has not responded to our follow up because we asked further questions to what he provided us information about.

“But we want to call on the Minister of Finance, like the AGF show regards and respect for the separation of powers as enshrined in our Constitution, and respond to the request of the committee.

This, according to him, will enable the committee to get to the bottom of its investigation.

“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 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,” he said.

The News Agency of Nigeria (NAN) reports that during the resumed investigative hearing the committee quizzed management staff of some oil companies involved in the lifting and sales of crude oil to global destinations.

This was in furtherance of the investigation into 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. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: house of representatives Mr Abubakar Malami Oil probe Rep. Mark Gbillah

Post navigation

Previous Alleged cultist, 39, arrested for macheting Police Inspector, to be arraigned April 25
Next More African countries set to approve malaria shot, 20 mln doses ready in 2023

Related Stories

Oyo mandates birth certificates, NIN for school enrolment — Perm Sec oyo
  • National News

Oyo mandates birth certificates, NIN for school enrolment — Perm Sec

July 19, 2026
Troops foil ISWAP mass abduction bid, rescue 46 students in Borno Troops
  • National News

Troops foil ISWAP mass abduction bid, rescue 46 students in Borno

July 19, 2026
NDLEA arrests 80-year-old grandpa, others in 3 states interdiction operations
  • National News

NDLEA arrests 80-year-old grandpa, others in 3 states interdiction operations

July 19, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Fuel price uncertainty forces marketers to temporarily halt supply — IPMAN Fuel crisis
  • Business & Economy

Fuel price uncertainty forces marketers to temporarily halt supply — IPMAN

July 19, 2026
Oyo mandates birth certificates, NIN for school enrolment — Perm Sec oyo
  • National News

Oyo mandates birth certificates, NIN for school enrolment — Perm Sec

July 19, 2026
NDLEA intercepts Kano-bound tramadol shipments, arrests 80-year-old grandpa
  • Crime and Justice

NDLEA intercepts Kano-bound tramadol shipments, arrests 80-year-old grandpa

July 19, 2026
Troops foil ISWAP mass abduction bid, rescue 46 students in Borno Troops
  • National News

Troops foil ISWAP mass abduction bid, rescue 46 students in Borno

July 19, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.