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$2.4bn crude sales: Reps summon AGF, finance minister

$2.4bn crude sales: Reps summon AGF, finance minister
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EXCLUSIVE: Fresh Crisis In Nigeria's Petroleum Company, NNPC As CEO Mele Kyari, Chief Financial Officer, Ajiya Secretly Pay Themselves Billions Of Naira As Gratuities

A fresh crisis is brewing in the Nigerian National Petroleum Corporation (NNPC) Limited over the alleged payment of gratuity running into billions of Naira to the Chief Executive Officer, Mele Kyari and the Chief Financial Officer, Umar Ajiya, SaharaReporters has learnt. Gratuity is a sum of money paid to an employee at the end of a period of employment. Kyari was appointed by President Muhammadu Buhari as the new Group Managing Director (GMD), now known as the Group CEO of NNPC in 2019. He replaced Maikanti Baru. ....

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More Trouble For Nigeria's Petroleum Company, NNPC As Federal Lawmakers Invite Its Executives, Finance Minister, Others Over '$2.4Billion Stolen Crude'

Several high-ranking officials in the Nigerian Government have been invited by the House of Representatives Ad Hoc Committee on Oil Theft in its investigation into the alleged loss of over $2.4 billion in revenue from the illegal sale of 48 million barrels of crude oil export in 2015. Finance minister Zainab Ahmed; and the Secretary General of the Federation, Boss Mustapha, were among the officials invited on Tuesday to answer questions, according to Channels Television. ....

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UPDATED: Reps invite ministers, firms over $2.4bn oil sale

The committee was also to investigate all crude oil exports and sales by Nigeria from 2014 to date, with regards to quantity, insurance, revenue generated, remittances into the Federation Account or other accounts as well as utilisation of the revenue for the period under review. ....

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Reps Invite Ministers, Firms Over $2.4bn Oil Sale

The House of Representatives’ will on April 11, 2023, grill ministers and other heads of ministries, departments and agencies of the Federal Government as ....

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