House of Reps to investigate all allocations of Nigeria’s crude oil under Direct Sales and Direct Purchase scheme

The House of Representatives is to investigate all allocations of Nigeria’s crude oil under Direct Sales and Direct Purchase, DSDP scheme, from 2018 to date.

The decision followed in a motion under matters of urgent public importance by Malam Abubakar Makki Yalleman, from Jigawa state on the need to investigate allocations of crude oil under the scheme.

Malam Abubakar r Yalleman, stressed that the investigation would avail the house the opportunity to ascertain the crude oil allocation per refineries across the country and the rationale for such allocations.

Mover of the motion, told the House that approximately 5.2 million barrels of crude oil supposedly allocated to comatose NNPC refineries in 2018 under Direct Sales Direct Purchase operations are unaccounted for.

He maintained that 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.

A Newspaper report indicates that millions barrels of Nigeria’s crude oil are being stolen or diverted daily raising concern about the spate of missing critical national revenue that could reduce the nation’s budget deficit.

The investigation would include the status of the 5.2 million barrels allocated for domestic supply in 2018 till date, Crude oil allocation per refineries and the rationale for such allocation and in case of inadequate production capacity, what happens to un utilized stock of crude oil.

TSIBIRI

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