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Reps invite Alison Madueke Over crude swap

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Alison Madueke

The House Representatives Committee on Crude Oil Swap yesterday invited the former Minister of Petroleum Resources, Mrs. Alison-Madueke to appear before it to “make clarifications” in the crude oil swap arrangement in which Nigeria lost billions of naira.

In a February 22  letter by the chairman Zakari Mohammed, the former minister is to appear next month to explain the product swap arrangements with oil marketing companies.

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The letter was sent through the group managing director of the Nigeria National Petroleum Corporation (NNPC). The committee requested documents from the ex-minister, including: a brief on swap arrangements, a proof of Presidential /Federal Executive Council approval, NNPC board resolution on  the contract, evidence of the approval limit of the board, minister and GMD.

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Three former NNPC’s group managing directors had been questioned by the committee.

Joseph Dawha, an ex-group managing director, exonerated himself on the controversial oil swap arrangement, explaining how he moved the NNPC from crude oil deals to Offshore Processing Agreements (OPA).

The Nation

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