Wednesday

NASS Invites Former Petroleum Minister Alison-Madueke Over Roles In Crude Oil Swap

The House Representatives committee on Crude Oil Swap on Monday formally invited the former Minister of Petroleum Resources, Mrs. Alison – Madueke, to come and make clarifications on the crude oil swap arrangement under her supervision.
In a letter dated February 22, 2016 and signed by the Chairman of the ad hoc committee, Hon. Zakari Mohammed, the former minister is expected to appear before the lawmakers on Wednesday, March 2, to explain her role in the product swap arrangements with oil marketing companies.

The letter which was sent through the Group Managing Director of Nigerian National Petroleum Corporation (NNPC) reads:
“Preponderance of the document and evidence at the hearing points to the need to invite you for further clarification on the issue.”
The committee requested that she provides documents which include -a full brief on all swap arrangements, a proof of Presidential /Federal Executive Council approval, NNPC board resolution on the contract, evidence of the approval limit of the board, that of the minister of petroleum and that of the GMD of NNPC.
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