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$17bn stolen crude: Reps’ panel queries CBN over $81.2bn shortfall

CBN Governor, Godwin Emefiele

The House of Representatives has queried the Central Bank of Nigeria for a staggering $81.2bn imbalance in crude oil sale proceeds declared by the apex bank for the years 2011 to 2014.

The query was sent to the CBN by the House ad hoc committee investigating the alleged export of $17bn undeclared crude and gas resources from the country between 2011 and 2014.

The committee, which is chaired by a member of the All Progressives Congress from Adamawa State, Mr. Abdulrazak Namdas, had earlier queried the Nigerian National Petroleum Corporation over the same imbalance.

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