The House of Representatives has resolved to investigate the allocation of crude oil under the Direct Sale Direct Purchase (DSDP) scheme.
This followed the adoption of a motion of urgent national importance by Rep.Abubakar Yallema (APC-Sokoto) at Wednesday’s plenary.
Speaking on the motion, Yallema said it was imperative for the house to unearth the anomaly in the oil sector.
He said he was disturbed by the contents of a report on Feb.14 which brought to national attention details of how Nigeria’s crude oil was being stolen and diverted daily.
“The report said approximately 5.2 million barrels of crude oil supposedly allocated to comatose NNPC refineries in 2018 under DSDP operations are unaccounted for.
“Essentially, almost half of the 10.9 million barrels of crude oil allocated for domestic supply between June 2018 and July 2019 as reported by the NNPC is either stolen or diverted,” he said.
Yallema said that the average price for Nigerian crude oil in 2018 was 65 dollars.
” I am deeply worried by this report and will like to know the status of the 5.2 million barrels allocated for domestic supply in 2018 till date.
“We should also know the crude oil allocation per refinery and the rationale for such allocation,” he said.
=Guardian
Trending
- Communiqué From The Niger Delta Climate Change Conference 2025 Theme: Building a Resilient Future: Integrating Climate Action and Community Empowerment in the Niger Delta, Port Harcourt, Rivers State. July 7–11, 2025
- Concerned Civil Society Kicks Against Return Of CDAs
- Girl-Child Fathers Seek Tough Measures Against Ibom Air
- Communique Issued At The End Of The 2nd Nigeria Socio-Ecological Alternatives Convergence Held At Shehu Musa Yar’Adua Centre Abuja Nigeria On Monday 14th July 2025
- Is Okpe Urhobo Or A Distinct Ethnic Nationality? The Debate Rages
- Okpe Union Disowns Delta Council Member, Others
- Rivers To Set Up Emergency Management Agency
- Niger Delta Leaders Call For Release Of NDDC Forensic Audit Report