The House of Representatives on Tuesday ordered an investigation into the alleged connivance between the Nigerian National Petroleum Corporation and some Swiss oil trading companies to rob Nigeria of $6.8bn in crude oil revenue.
Three major standing committees of the House-, Petroleum Resources (Upstream), Petroleum Resources (Downstream) and Justice have been directed by a resolution to investigate the alleged shady deals.
The deals are said to involve the sale of Nigeria’s crude to Swiss private traders “below the market value,” according to a motion moved by Mr. Abiodun Balogun.
A report by Swiss Non-Governmental Advocacy Organisation, the Berne Declaration, had uncovered the alleged deals.

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