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Rep. Summons CBN Governor and Minister of State for Petroleum Resources over alleged diversion of foreign exchange

24 March 2017 National


The House of Representatives yesterday summoned Governor of Central Bank of Nigeria, Godwin Emefiele, and Minister of State for Petroleum Resources, Ibe Kachikwu to appear before it on Monday, April 7th 2017.

The House ad hoc Committee on the Review of Petroleum Pump Price said the two are to explain issues over alleged diversion of foreign exchange by some oil marketers between 2016 and 2017.

Also invited are Chief of Naval Staff, Ibok-Ete Ibas, Chief Executive Officers of Keystone Bank and Zenith Bank, which were involved in the allocation of foreign exchange to oil marketers.

Chairman of the Committee, Nnanna Igbokwe, urged the Inspector-General of Police, Ibrahim Idris, to determine the whereabouts of Andrew Alagu, the Managing Director of HAR Petroleum Resources Ltd, by Monday, March 27th 2017 to determine the involvement of the company in alleged diversion of twenty-six million dollars for importation of Premium Motor Spirit.


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