Members of the Nigerian House of Representatives are really gearing up to help Nigeria recover some good amount of money that filtered out of the system into people’s account as a result of oil theft.

House of Representatives on oil theft

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On April 11, 2023, the lawmakers will commence the process of investigating all ministers and other heads of ministries, departments, and agencies (MDAS) of the Federal Government, allegedly involved in crude theft.

The Ad Hoc Committee of the House of Representatives has also invited oil companies and banks over the alleged illegal sale of 48 million barrels of crude oil valued at $2.4bn.

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The Ad Hoc Committee is set to investigate the alleged loss of over $2.4bn in revenue from illegal sale of 48 million barrels of crude oil export in 2015.

Also, the committee will investigate all crude oil exports and sales by Nigeria from 2014 till date.

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The committee, in a notice to the invitees on Monday, also demanded memoranda from whistle-blowers whose alarm had led to the recovery of public funds from corrupt individuals and organisations.

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