Reps probe $850bn unrepatriated crude oil proceeds

The House of Representatives has commenced investigations into the alleged non-repatriation of Nigeria’s crude oil export proceeds estimated at over $850 billion between 1996 and 2014. Chairman of the House Ad-Hoc Committee on Pre-Shipment Inspection of Exports and Non-Repatriation of Crude Oil Proceeds, Hon ‘Seyi Sowunmi, disclosed this on Wednesday during the Committee’s inaugural press

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