Minister of State for Petroleum Resources and Former NCDMB Executive Secretary Trade Allegations of Over $500 Million Investments and Loans

Date:

The Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, and former Executive Secretary of the Nigerian Content Development Monitoring Board (NCDMB), Simbi Wabote, engaged in a heated exchange yesterday, trading allegations involving investments and loans amounting to over $500 million.

Thank you for reading this post, don't forget to subscribe!

Wabote initially accused Lokpobiri of initiating a questionable request in December 2023 to increase the NCDMB budget by N30 billion for the office of the minister. He claimed that Lokpobiri’s unidentified aide, referred to as “Blackson,” made the request, which Wabote deemed unprecedented and unwarranted.

In response, the Minister of State for Petroleum Resources vehemently denied the allegations, dismissing them as baseless lies. He challenged Wabote to provide evidence of the purported conversation and clarified that he had no aide named Blackson. The minister reaffirmed his commitment to transparency, inviting journalists to verify the allegations independently.

Additionally, the minister addressed specific projects mentioned by Wabote, such as the Atlantic Refinery and the Brass Fertilizer and Petrochemical Company. He welcomed scrutiny of these projects, asserting that investigations were ongoing to uncover the truth and recover any misappropriated funds for the benefit of Nigerians.

The statement emphasized that previous revelations had surfaced during a House of Representatives committee hearing on local content, indicating a precedent for such accusations. The minister reiterated his impeccable track record and commitment to truth and accountability, underscoring that his office’s budget was managed by the permanent secretary, not external entities.

In conclusion, the minister affirmed his dedication to fulfilling his responsibilities, ensuring that resources meant for Nigerians are utilized judiciously and transparently.


Discover more from Naija247news

Subscribe to get the latest posts to your email.

Naija247news
Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:

Subscribe

Popular

More like this
Related

House Of Reps Urge FG, Army To Re-open Banex Plaza

May 23, 2024. Azonuchechi Chukwu. The House of Representatives on Thursday...

Diesel Prices in Nigeria Surge by 68.01% Year-on-Year, Reaching N1,415.06 per Litre in April 2024

The National Bureau of Statistics (NBS) released its latest...

Kanayo O. Kanayo fumes over ‘money rituals’ ban in Nollywood

May 23, 2024. Azonuchechi Chukwu. Veteran Nollywood actor, Kanayo O. Kanayo...

U.S Backed Kenya-Haiti Deployment Faces Equipment Shortages As Criticism Mounts

Kenya-Haiti Deployment: A Bid to Avert Haiti's Impending...

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading