Mr. Donald Chidi Amamgbo a cousin of immediate past Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has been arrested by operatives of the Economic and Financial Crimes Commission (EFCC) for allegedly using four firms to illegally lift crude oil.
According to reports, Mr. Amamgbo was arrested in Lagos on Thursday in connection with illegal crude oil and natural gas lifting worth billions of dollars. Amamgbo reportedly got approval to lift Nigerian crude oil without any previous experience. This is probably a major breakthrough for the EFCC in its ongoing probe of the former Minister.
An EFCC source discovered that Amamgbo used four of his companies Mezcor Oil and Gas Limited, Tridax Oil and Gas Limited, Lynear Energy Limited and Bulk Strategic Reserve Limited to lift oil and gas worth billions of dollars.
He also disclosed that during the search, documents which include payments for purchase of houses and vehicles were recovered. Another source of the EFCC added that they were not giving up on other accomplices of the ex-minister who were used to plunder the nation’s oil industry.
Through his companies, Amamgbo lifted crude oil and gas worth billions of dollars over a period of four years.
A search conducted in the office and premises of Mezcor Oil and Gas Limited at No. 5 Sannar street, Wuse 2, Abuja yielded documents which included payments for the purchase of houses and vehicles.
This is coming barely one week after the commission arrested the former minister’s husband Allison Amaechina Madueke for allegedly laundering more than $600,000 through his personal accounts.
The House of Representatives adhoc Committee had on Monday, February 22, summoned Diezani Alison-Madueke, to appear before the house on March 3, to explain her role in the crude oil swap during her tenure as Petroleum Minister.
Responding to the recent narratives made by the former Group Managing Directors (GMDs) of Nigerian National Petroleum Corporation (NNPC) during their appearances before the legislators last week, that she approved the sum of $24 billion for Renewal of the Crude Oil/Refined Products Exchange Agreement without contracts, Mrs. Diezani said they are nothing but fabricated lies, deviously concocted to slander her person.
According to her, the renewals were dully approved with contracts.
In view of the criticality of the situation. Expiry of those terms was put at December 31, 2014, following assurances to the Minister that the contractual obligations of the parties to NNPC had, in fact, been fully met, despite the regrettable lapse in renewal time.