Attorney General of the Federation, Abubakar Malami, on Thursday dismissed the “purported” missing 48 million barrels of crude oil.
Malami, who appeared before the House Ad hoc Committee, dismissed the possibility of the sale of the oil without remitting the proceeds to the federation account.
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.”
The AGF also dismissed the organisation that wrote the petition on the missing oil, noting that Protect the World Organization lacked locus in the investigation.
“I am here for open engagement for Nigerians to see what we are doing,” he said.
The committee, however, resolved that Malami will have to appear again before it for further questioning.