‘Crude oil worth $20bn unaccounted for b/w 2005 and 2012’ – House of Reps. reveals

…’Third parties responsible for crude theft’ – DPR

The House of Representatives Ad-hoc Committee on Crude Oil Theft, yesterday said a forensic audit conducted had shown that crude oil worth over $20 billion could not be accounted for between 2005 and 2012.

The Chairman of the Ad-hoc Committee, Hon. Peter Akpatason, who made the disclosure during the resumed hearing in Abuja, said that the same infractions were observed between 2016 and 2019.

Akpatason said the Committee resolved to resume the investigation on crude oil theft in Nigeria, having gone through submissions from the various stakeholders in the sector.

The lawmaker, while stating that the committee was not set up to witch-hunt any organisation, however said anyone found culpable shall be brought to face the law by the appropriate law enforcement agency.

In his presentation, the Director of the Department of Petroleum Resources, Sarki Auwalu, blamed the crude theft on third party interference, particularly at the land terminals.

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