The house of representatives committee set up to investigate a whistleblower’s claims that 48 million barrels of Bonny Light crude were illegally sold in China in 2015 says the allegations appear to be completely fraudulent and unsubstantiated
In a report presented to the house on Wednesday, the committee described the whistleblower’s claim as false.
Presenting its findings, the committee said records show that Nigeria produces about 250,000 barrels of bonny light crude daily and is exported mainly from one terminal — Bonny.According to the lawmakers, it would take about six months and 12 days for up to 48 million barrels of Nigeria’s bonny light crude to be produced.
The committee said Mele Kyari, group chief executive officer 0f Nigerian National Petroleum Company Limited, and Gbenga Komolafe, chief executive officer of Nigerian Upstream Petroleum Regulatory Commission , were not involved in the illegal deal.
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