The Minister of Justice and Attorney General of the Federation (AGF), Abubakar Malami has described the claims that the country lost over $2.4bn revenue from alleged illegal sale of 48 million barrels of crude oil exported in 2015 to China as a baseless allegation.
The Chief Law Officer of the Federation described the claims as baseless, unfounded, lack merit and substance.
The minister stated this during the resumed Ad-hoc Committee session investigating the alleged sale of 48 million barrels of crude oil amounting to over $2.4 billion and crude oil export to global destinations from 2014 to date.
The investigating adhoc committee had been mandated to investigate all crude oil exports and sales by Nigeria from 2014 till date with regards to quantity, insurance, revenue HBO Petroleum Corporation (NNPC) to sell the cargo.”
But speaking at the hearing on Thursday, Malami said that the office of the Attorney General of the Federation had filed a criminal suit against the individuals who purportedly raised the allegations being investigated by the Ad-hoc Committee.
According to him, the Individuals had attempted to defraud the Federal Government under the guise that the alleged crude oil stolen in China had been recovered.
Malami explained that the ongoing investigation initiated by the House was unconstitutional and subjudice, and argued that the prosecution of the petitioners which started in 2019 suffered setback as a result of series of adjournment caused by the absence of the accused persons.
He said the allegation in its own right is devoid of any reasonable ground pointing to a material suspicion cogent enough to invoke the constitutional oversight of the Committee.
He said: “Let me state on record and for the benefit of Nigerians and the committee that the allegations relating to the 48 million barrels are baseless. The allegation is unfounded. It lacks merit and indeed substance.
“The allegation in its own right is devoid of any reasonable ground pointing to a material suspicion cogent enough to invoke the constitutional oversight of the Committee.
“Why do I say so? Sometimes in 2016 allegations were rife and hyped in the social media. There were allegations of existence of stolen 48 million barrels of Nigerian crude in China said to have been valued at 2.4 billion.
“President Muhammadu Buhari informally requested the attorney-general, making reference to my humble person, Mele Kyari, Lawal Daura, former DG of DSS; and late Abba Kyari; to look into it and advise. But unfortunately, for there to be a reasonable ground for suspicion, at least, you require certain basic facts.
“If you’re talking of a product, you cannot establish the substance relating thereto, without confirming the origin of the purported product in China. If you talk about a product in China. Is it of Nigerian origin? That can be ascertained by sample and specifications. Is it Bonny Light for example, which you know emanate from Nigeria or what is it.
“The basic details of the existence of the product and connecting it to Nigeria was not there at all. If you are talking of a product, the vessel perhaps that has taken it, what are the particulars and details of the vessel. There were not available at our disposal at all.
“Which authority is it that has taken custody of the product? There was no information at all. So the issue is simple. There were no reasonable grounds for suspicion of the fact that the purported oil product either exist in spirit or in fact or in indeed exist in China — and it is in no way connected to Nigeria. And all effort on our part to get details have proven abortive.
“So, it was a committee that was dead on arrival because it has not been formally constituted.
“So, we could not establish the substance in the allegation because detail information to confirm the existence and origin of the shipment such as sample of the oil, vessel involved loading point etc, location of the crude in China etc were not provided.
“So, we reported to the president that we were unable to confirm the veracity of the allegation hence no further action was taken by my office.”
He further disclosed that the OAGF was instrumental to the recovery of various sums of fund which were deposited in the Asset Recovery Account domiciled with Central Bank of Nigeria (CBN).
These include: $322 million recovered from Switzerland in 2016; $311.4 million from US/UK; $15.4 million Abacha Loot recovered in 2020 from Northern Ireland; £12.2 billion recovered from Ibori; $20 million recovered from Licosta as well as £954 recovered from Diepreye Solomon Peter Alamieyeseigha, respectively.
While responding to question on the recovered funds, payment and disbursement, he said: “Ministry of Finance is the coordinator of the whistle blower policy and all payments to Whistle blowers are made by the federal ministry of finance, budget and national planning.
“It should be noted that whistle blowing thrives on confidentiality and protection of information. Therefore, disclosure the details of whistle blowers at a public hearing breaches the confidentiality provision of which the office of the attorney general was committed to on the account of personal security and the national security.
“So, arising from that consideration, I have taken pains to develop information taking into consideration the confidentiality element of it but providing same for the consideration of the committee exclusively.”
He explained that the details of international account, expenditure, statement of accounts are obtainable from the Central Bank of Nigeria.
Malami added, “For the information of the committee, the office of the Attorney-General does not maintain the custody of an account of associated recoveries are maintained by the Central Bank and open on the request of the office of Attorney General and then open on the directives of office of the Accountant General.
“As far as being a signatory or in any way being responsible in the management of such account is concerned, the office of the attorney general is in no way connected whatsoever.
“Whatsoever information that may be required as it connects to the details of the signatories, details for the management, details of the disbursement associated with the recoveries accounts, I suggest that the Federal Ministry of Finance, the office of Accountant General are exclusive custodians, managers and operators of the account, no the office of the Attorney General.
“What I am saying in essence is that reference or details, signatories, disbursement, associated information on all the recovery accounts should be routed to the Central Bank, office of the Accountant General and indeed, the Federal Ministry of Finance that are the operators, maintainers, custodians of this account in question.”
The Whistleblower is believed to be one Marco Antonio Ramirez, an American businessman, who is being prosecuted by the Economic and Financial Crimes Commission for an alleged $368,698.24 fraud before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos could not continue today, April 26, 2023, due to the absence of the defence counsel, Lawal Pedro, SAN.
The EFCC is prosecuting Ramirez on an amended nine-count charge alongside his companies: USA NOW LLC, Eagle Ford
Instalodge Group LP, and USA NOW
Energy Capital Group LP.
One of the counts reads: “Marco
Antonio Ramirez, USA NOW LLC, and USA Now Energy Capital Group LP, on or about the 26th day of July, 2013 at Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, obtained the sum of $250,000 from Gabriel Ogie Edeoghon under the false representation that the sum was his investment in your company:
“USA Now Energy Capital Group LP in the Employment-Based Fifth Preference (EB-5) United States of America Investor Programme, which investment would qualify him to be eligible to a USA Green Card, and which representation you knew to be false.”
