The House of Representatives Ad Hoc Committee on Pre-Shipment Inspection of Exports and Non-Repatriation of Crude Oil Proceeds, chaired by Seyi Sowunmi (LP, Lagos), opened an investigation into oil and non-oil export proceeds estimated at over US$850 billion between 1996 and 2014 that were allegedly not repatriated. Sowunmi said preliminary findings suggested that 40 to 45 percent of export earnings were not brought back, and pointed to conflicting export figures from the CBN, NUPRC, NNPC Limited, the National Bureau of Statistics and OPEC.
What the record shows
- 22 October 2025Probe opened.
- 4 March 2026At a public hearing, the committee asked the Nigeria Customs Service, the Nigerian Ports Authority, the CBN and NACCIMA for updated documents on pre-shipment inspection and export proceeds.
- 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.