Status
No final report
Assembly
House of Representatives
Opened
24 June 2015
Assembly term
8th National Assembly (2015–2019)
Committee
Ad hoc committee
Sum at issue
US$8 billion
Subject
Revenue and remittances
Without a report for
4,158 days
The House of Representatives resolved to constitute an Ad-hoc committee to investigate alleged scams in the Refined Product Exchange Agreement (crude oil swaps) involving the NNPC and its subsidiary, PPMC. Following a motion by Michael Enyong, the probe scrutinized contracts awarding 445,000 barrels of crude oil per day to nine companies, including Sahara Group and Duke Oil, amid allegations of an US$8 billion revenue loss due to discrepancies between crude value and refined products delivered.
NNPC
What the record shows
- 24 June 2015Probe opened.
- As of 11 November 2026No final report of this probe has been found on the public record.
Opened more than 120 days ago, and no final report of the committee has been found on the public record. Interim reports and hearings are shown where known. Know of a report, hearing or outcome missing here? Send a correction.