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Reps invite emefiele, kachikwu over alleged diversion of forex

- the house of reps is investigating an alleged diversion of foreign exchange by means of some oil entrepreneurs between 2016 and 2017

- the residence has advised the police igp, ibrahim idris, to determine the whereabouts of andrew alagu, the dealing with director of har petroleum assets ltd, the organisation on the centre of the investigation

- the house says the company’s participation within the commercial enterprise is confirmed via the files supplied with the aid of crude oil advertising department of the nnpc

Reps circulate to query emefiele, kachikwu over alleged diversion of 26m greenbacks
Residence of reps has accused har petroleum assets ltd of diverting forex.
The governor of relevant financial institution of nigeria (cbn), godwin emefiele, and the minister of country for petroleum resources, ibe kachikwu had been invited to appear before the residence of representatives to give an explanation for problems over alleged diversion of forex by using a few oil marketers among 2016 and 2017.

According to the information company of nigeria (nan), the residence ad hoc committee on the evaluation of petroleum pump charge, which issued the summons, on thursday, march 23, said there has been need investigate an alleged diversion of 26 million dollars for importation of top rate motor spirit (pms) below the direct sale direct purchase (dsdp) association of the nigerian country wide petroleum organisation (nnpc) with the aid of har petroleum sources ltd, by march 27.

The chairman of the committee, nnanna igbokwe, advised the inspector-preferred of police, ibrahim idris, to decide the whereabouts of andrew alagu, the handling director of har petroleum sources ltd, by march 27.

He stated the committee brushed off a letter from har petroleum sources ltd absolving itself from conducting importing the product and could not have sourced for and accessed foreign exchange from cbn.

Igbokwe said the agency’s participation in the commercial enterprise changed into showed through the documents furnished by using crude oil advertising department of the nnpc.

“we've it on proper authority that during 2014, your organization applied and got over 11 million dollars, and in 2015, it got some other forex of over 14 million greenbacks from zenith bank for the importation of petroleum merchandise into this usa.

“and you now deny ever undertaking product importation or any of such transactions with the nnpc retail clothes.

“in which did the 26 million dollars you took in foreign exchange from the financial institution consistent with cbn facts visit?” mr. Igbokwe asked the company’s consultant, jefferson ogunma.


Mr. Ogunma said mr. Alagu was away on reliable undertaking outside the united states of america and delivered that the employer only treated logistical sports on behalf of overall nigeria %.

Meanwhile, oyebols.Com has pronounced that hon yakubu dogara, speaker of the residence of representatives, on thursday, march 22, announced the dissolution of all advert hoc committees set up by means of the residence prior to october 22, 2015.

Investigations display that the 22 committees had been concerned, which include the committee on the research of railway rehabilitation and modernisation initiatives from 2010 to 2014.

The advert hoc committees were installation before the speaker appointed 96 standing committees of the present day 8th residence on october, 22, 2015.

The punch reports that a chief motive for the dissolution of the committees was the alleged non-overall performance and failure to conclude assignments “over 16 months after some of them were installation.”

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