Who sold $2.4b worth of Bonny Light? Lawmakers launch investigations

The House of Representatives Tuesday launched an investigation into a whistleblower who claimed that 48 million barrels of Oil worth $2.4b billion was sold by unknown persons to China in 2015. The House, following the adoption of a resolution of Honourable Isiaka Ibrahim sponsored motion, is also looking into all crude oil transactions since 2014 till date as it affects insurance, revenue generated, remittances into the federation accounts or other accounts, and utilisation. “The House is aware of allegations by a whistleblower in July 2020 that he had in July 2015 and in response to the current administration’s whistleblower policy brought to the attention of a committee purportedly set up by the President for the recovery of missing crude oil exports, the existence of 48 million barrels of Nigeria’s Bonny Light crude oil in storage at several ports in China ostensibly under the authorisation of the Nigerian National Petroleum Corporation (NNPC) and the intention of parties in China and the NNPC to sell this cargo “We are also aware that the whistleblower claimed that the committee, which comprised very high-ranking officials of the administration and NNPC (some of whom he held meetings with) carried out an investigation and confirmed the existence of this cargo,” said a statement.