The Attorney General of the Federation, Abubakar Malami has dismissed the “purported” missing 48 million barrels of crude oil.
Malami, during an appearance before the House ad hoc committee on Thursday, dismissed the possibility of the sales of the oil without remittance of proceeds to the federation account.
“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,” he said.
He also dismissed the organization that wrote the petition on the missing oil. He noted that Protect the World Organization (PWO) has no locus in the investigation.
“I am here for open engagement for Nigerians to see what we are doing,” he said.
The committee subsequently resolved that Malami will be available for further questioning.
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