Tuesday, April 13, 2021

Reps probe ‘missing’ 5.2 million barrels of crude worth $339m



The House of Representatives has decided to investigate the 5.2 million barrels of crude oil worth $339m, which was reported to have been unaccounted for by the Nigerian National Petroleum Corporation under the Direct Sales Direct Purchase scheme.

A member of the House, Abubakar Yalleman, moved a motion at the plenary on Wednesday to call for investigation of the DSDP arrangement, which has allegedly led to loss of oil and revenue.

Approximately 5.2 million barrels of crude oil allocated to comatose NNPC refineries in 2018 under DSDP operations were unaccounted for