We’ll quiz Kachikwu over crude swap deals –Reps:


The H o u s e o f representatives said on Monday that the current Minister of Petroleum Resources would be invited to answer questions on the controversial Refined Product Exchange Agreement contracts executed by the Nigerian National Petroleum Corporation and its subsidiary, the Pipelines Product Marketing Company, between 2011 and 2015.
Otherwise known as SWAP, the deals involved the exchange of crude oil for refined petroleum products in which the corporation gave out part of its 445,000 barrels daily share of crude to trading companies.
The House Ad hoc Commi t t e e , which is investigating the deals, already had evidence that crude worth over $24bn exchanged hands between the government agencies and some crude marketing firms, including Duke Oil and Tranfigura. The committee is chaired by an All Progressives Congress lawmaker from Kwara State, Mr. Zakari Mohammed

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