House of Representatives has issued a 24-hour ultimatum to the ministers of state for petroleum, Heineken Lokpobiri; environment, Mohammed Hassan Abdullahi;
This was just as speaker of the House, Hon. Tajudeen Abbas decried Nigeria’s loss of $46 billion estimated at N16.25 trillion to crude oil theft between 2009 and 2020 .
He expressed shock that critical agencies in the oil and gas sector such as the NNPCL, NUPRC, Federal Ministry of Petroleum Resources among others failed to honour the invitation of the committee. Abbas said if decisive action was not taken to address the issue, the country may be thrown into a deeper fiscal crisis due to dwindling revenue from the oil and gas sector.
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