House Of Reps Summons Diezani To Explain Roles In Crude Oil Swap


The House of Representatives adhoc Committee saddled with the responsibility of investigating the controversial crude oil swap deal has on Monday, February 22, summoned former Minister of Petroleum Resources, Mrs.  Diezani  Alison-Madueke, to explain her role in the crude oil swap during her tenure in office.

The invitation to appear before the house was  prompted by the disclosure made by former Group Managing Director (GMD) of the NNPC, Joseph Dawha, who appeared at the hearing of the adhoc committee, saying he inherited the crude oil for products exchange (oil swap) deal.

Also See: Diezani Madueke’s Husband Arrested By EFCC For Money Laundering

According to Dawha, Nigerian National Petroleum Corporation (NNPC), entered into the deal and the Offshore Processing Agreement (OPA) contracts with the trading companies in 2010 to terminate between 2013 and 2014, adding that Mrs. Alison-Madueke only approved the renewal of the contracts in August 2014, months after it had expired. He however denied playing any role in the flawed deal.

The letter which was sent through the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), was dated February 22 and signed by the Chairman, Zakari Mohammed.

In the letter, the committee asked the former Minister to appear before the House on March 2 to explain her role in the product swap arrangements with oil marketing companies. She is also to come along with all relevant documents that will assist members in their investigation.

The documents to come along with  include a full  brief on oil swap arrangements, a proof of Federal Executive Council (FEC) approval, NNPC board resolution on the deal as well as evidence of the approval limit of the board and that of the Minister and GMD.

Meanwhile, husband to the former Minister, Mr. Allison Amaechina Madueke was arrested last week by the EFCC operatives for illegally laundering more than $600,000 through his personal accounts. Sources revealed that his passport was seized and he was placed under caution.

Also See: “Diezani Approved $24bn Crude Swap Without Formal Contract” – Ex-NNPC GMD

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