Crude Swap: House Representatives summon Alison-Madueke

THE House Representatives Committee on Crude Oil Swap yesterday invited the former Minister of Petroleum Resources, Mrs. Alison-Madueke to appear before it to “make clarifications” in the crude oil swap arrangement in which Nigeria lost billions of naira.

In a February 22 letter by the chairman Zakari Mohammed, the former minister is to appear next month to explain the product swap arrangements with oil marketing companies.

The letter was sent through the group managing director of the Nigeria National Petroleum Corporation (NNPC). The committee requested documents from the ex-minister, including: a brief on swap arrangements, a proof of Presidential /Federal Executive Council approval, NNPC board resolution on the contract, evidence of the approval limit of the board, minister and GMD.

Three former NNPC’s group managing directors had been questioned by the committee.

Joseph Dawha, an ex-group managing director, exonerated himself on the controversial oil swap arrangement, explaining how he moved the NNPC from crude oil deals to Offshore Processing Agreements (OPA).

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