OIL SWAP DEAL:HOUSE OF REPS FORMALLY INVITES DIEZANI ALISON MADUEKE

Diezani


The House of Representatives committee investigating alleged under-hand dealing in oil swap deal with some companies has formally invited former petroleum minister Diezani Alison-Madueke to appear before it on Wednesday next week.

The committee chaired by Rep Zakari Mohammed (APC, Kwara) said in its letter dated February 22 that Diezani is to provide full brief on all swap arrangements, a proof of presidential/Federal Executive Council (FEC) approval, NNPC board resolution on the contract, evidence of the approval limit of the board and that of the minister of petroleum and of the Group Managing Director (GMD).

Three former GMDs of the NNPC Austen Oniwon, Andrew Yakubu and Joseph Dawah had last week told the committee that the contract was approved by Diezani when she was minister.

The committee, in the letter it forwarded through the current NNPC GMD and minister of state for petroleum Ibe Kachukwu, said Diezani should appear on March 2 with all relevant documents that will assist the committee.

The committee had uncovered several breaches including continuation of the contract after it expired during which the three companies involved, ONTARIO, AITEO and Televeras, lifted crude worth $24 billion during the period that the contract was not renewed.

Members of the committee said since there was no agreement for the contract within the first period before its expiration, the whole deal was null and void. It was also revealed that the contract was awarded without advertisement in contravention of the Public Procurement Act.


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Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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