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 […]

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‘Fmr NNPC Director; Diezani approved $24bn crude swap without contract’

A former Group Managing Director of the Nigerian National Petroleum Corporation, Mr. Austin Oniwon, confirmed on Tuesday that there was no formal contract between the NNPC and trading companies that lifted $24bn worth of crude oil from the country between 2011 and 2014. Oniwon told the House of Representatives Ad Hoc Committee on Crude Oil […]

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