The Speaker, House of Reps, Aminu Tambuwal, has
disclosed that despite the huge contribution of crude oil to
Nigeria’s economy, earnings from sale of crude oil have
been largely unaccounted for.
Tambuwal made the disclosure while declaring open an
investigative public hearing on diversion of crude oil deposit
at Stubbs Creeks Marginal Fields in Akwa Ibom by
Universal Energy Resources Ltd.
Tambuwal declared in his opening remarks: "In
Nigeria, though crude oil has contributed largely to
the economy, the revenue has not been used and
accounted for."
He said that continued diversion of crude oil, bunkering and
vandalism of oil pipelines constituted major sabotage to
the nation’s economy. Represented by Ishaka Bawa, the
Chief Whip of the House of Representatives, Tambuwal
said there was the need for appropriate production and
export policy crucial for the growth of the sector.
Meanwhile, the House of Reps has mandated its committee
on water resources to investigate the status of the N800m
Okpella Water Scheme with a view to determining the work
done by the contractor.
The committee was also directed to determine the input of
the federal ministry of water resources since the project
was taken over by the ministry.
The resolution followed a motion on the need to investigate
the purported completion of the Okpella Water Scheme
sponsored by Hon. Abubakar Momoh. CLICK HERE TO READ FULL AND TOUCHING NIGERIAN CELEBRITIES BIOGRAPHY AND SCANDALS
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