Reps to probe over $17bn crude oil and gas shortfall

Posted by News Express | 22 September 2016 | 1,632 times

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The House of Representatives on Thursday resolved to investigate allegations that over $17 billion revenue from undeclared crude oil and liquefied natural gas exports is yet to be recovered despite the involved companies being identified.

A Channels TV report said the motion was sponsored by a member of the Reps, Johnson Agbonayinma, who reportedly quoted a presidential report on the matter as saying that the funds are recoverable.
“It is expected that the findings of this investigation would help improve the finances of the federal government and help fund the implementation of the 2016 budget,” the report said.
Photo shows Reps member, Johnson Agbonayinma.


Source: News Express

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