Monday 22 February 2016

Reps Summon Diezani Over Alleged $24billion Contract Scam

Reps Invites Diezani Over $24billion Contract Scam
House Of Reps
The House of Representatives has summoned former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke over her role in the $24billion contract awarded under her watch.

These contracts were alleged to have been signed without valid agreement with benefitting companies. According to the Chairman of the Ad hoc Committee, Hon. Zakari Mohammed (Kwara APC), Diezani would receive the letter of invitation on Monday.

He said: “We need to know where she got her authority from, especially knowing fully well that the threshold of a minister is N100million, and these transactions were above N100million, so they ought to have gone the Federal Executive Council. These are the issues under which context we would invite her”.

The contracts for both firms had expired in October 2011, but they had continued to lift crude without formal contract extension for 20 months, lifting crude worth $24billion. The contracts were formalised in December 2014 and backdated to cover the period from when they earlier expired.

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