TOP STORY: Malami to reps panel: Claim of ‘illegal’ sale of 48m barrels of oil unfounded | TheCable
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The minister said there was no substance in the whistleblower report that propelled the investigation by the ad hoc committee.“Let me state on record and for the benefit of Nigerians and the committee that the allegations relating to the 48 million barrels are baseless. The allegation is unfounded. It lacks merit and indeed substance,” the minister said.
“But unfortunately, for there to be a reasonable ground for suspicion, at least, you require certain basic facts. The basic details of the existence of the product and connecting it to Nigeria were not there at all,” he said. “So it was a committee that was dead on arrival because it has not been formally constituted and then our informal findings do not suggest or provide information that could support (the sale of the crude oil”.
The committee had said it obtained reports that the minister recovered funds through the policy without remitting them to the federation account.the payment of $200 million to two companies for “consultancy service”.
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