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Reps Direct EFCC To Give Full Account of Crude Oil Seizures, Sales
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By Gloria Ikibah
The House of Representatives’ Ad-hoc Committee on the Implementation and Oversight of the Naira-for-Crude-Oil Policy has directed the Economic and Financial Crimes Commission (EFCC) to give a detailed account on crude oil seizures, sales, and disposal under its watch.
Chairman of the committee, Rep. Emerengwa Sunday, gave the directive at the resumed hearing on the Naira-for-Crude-Oil policy with stakeholders in Abuja on Wednesday.
Naijablitznews.com recalled that the Naira-for-Crude policy was launched in the year 2024, with the aim of stabilising the naira, support local refineries, and reduce pressure on foreign currency reserves.
In his remarks, the Special Adviser to the Chairman of EFCC on Regulatory Compliance, Francis Usani, explained that the submissions to the committee were limited to information on referrals made to it from 2003 to date, including crude oil seizures handled by the EFCC.
He revealed that no direct investigations had been conducted by the anti-graft agency specifically under the Naira-for-Crude policy.
He said: “The objective or the main crux of this invitation was investigations done under the Naira-for-crude policy of the Federal Republic of Nigeria that took effect, or was initiated sometime in 2024, but took effect this year.
“We have not had any direct investigation or issue involving specifically Naira for crude policy or obstructions or infractions under that particular initiative.
“But because we also received information on referrals made to the Economic and Financial Crimes Commission, we had tabulated some transactions which the EFCC had done and contained in the document forwarded to you. We did a kind of holistic submission, not necessarily restricting ourselves to transactions which I had said earlier”
Members of the committee queried the anti-graft agency on the integrality of its submissions.
A member of the committee, Rep. Muhammed Shehu highlighted that tabular documents provided by the Commission contained blank entries for the volume and grade of crude seized.
He also questioned why the EFCC had not proactively investigated the Naira-for-Crude transactions, emphasising that the policy was meant to ease pressure on local refineries and the naira.
“In the tabular document you submitted, including the evidence of payment attached, we need clarity on how you arrived at the amounts remitted to the EFCC. In the same table, the column for the volume and grade of crude seized shows ‘nil, nil’. Yet there should be a section that states the value of whatever was seized.
“You need to review this thoroughly so that the document can speak for itself, even in your absence. As it is, the presentation is incomplete”, he said.
The lawmaker further stated that the commission’s submission also raised bigger concerns.
“I find it surprising that up till now, the national watchdog has never investigated nor even attempted to investigate the issues surrounding the Naira-for-Crude policy.
“This is a major policy introduced by the Federal Government to ease operations for local refineries and reduce pressure on the naira and dollar. Nigerians deserve to know what is happening behind it”, Rep. Shehu queried.
In response, the EFCC representative clarified that the Commission focuses on crude oil seizures, not refined products, but assured lawmakers that the commission will revisit the submissions to provide full details, including the quantum of crude seized, disposal rates, end users, and whether transactions were conducted in naira or dollars.
The hearing was subsequently adjournd to December 4, 2025.
Earlier, the Committee Chairman, restated their role in ensuring transparency and accountability in the implementation of the Naira-for-Crude initiative. “
He emphasised that the probe was not targeted at any individual or institution, and that it is a constitutional oversight exercise aimed at strengthening Nigeria’s economic systems.
News
NDLEA unearths another massive industrial scale clandestine meth laboratory in Oyo forest(Photos)
. Arrests Mexican, 4 others; recovers multi-billion-naira worth of illicit substances
. We’ll find you in the cities, track you into the forests, and dismantle your infrastructure of death, Marwa warns drug cartels
Operatives of the National Drug Law Enforcement Agency (NDLEA) have struck yet another decisive blow against transnational drug syndicates following the discovery and dismantling of a fortified, industrial-scale clandestine methamphetamine laboratory operated by a Nigerian-Mexican cartel deep within the forest of Tapa Village, Ibarapa North Local Government Area, Oyo State.

The breakthrough comes barely four weeks after the Agency dismantled a similar massive meth laboratory in a forest in Ijebu East, Ogun State, signaling a desperate attempt by drug barons to turn the Southwest axis into a synthetic drug manufacturing hub.
Speaking on the development at the NDLEA Headquarters in Abuja, the Chairman/Chief Executive Officer of the Agency, Brig. Gen. Mohamed Buba Marwa (Rtd) who was represented by the Director of Media and Advocacy, Femi Babafemi at a press briefing on Wednesday 24th June 2026, commended the gallantry, dedication, and clinical professionalism of the officers involved in the operation.

According to him, “On Wednesday, 17th June 2026, tactical operatives of the NDLEA stormed a highly fortified, industrial-scale clandestine methamphetamine laboratory operating deep within the forest of Tapa Village, Ibarapa North Local Government Area, Oyo State.
“This was not a rudimentary setup; it was a sophisticated, highly organized transnational syndicate. During the raid, our operatives successfully arrested five key members of the cartel on-site.
They include a 56-year-old Mexican Methamphetamine expert, Jose Villa Ochoa, brought in specifically to provide the technical expertise for large-scale synthesis and four Nigerian collaborators providing logistical support, cover, and local operations. They are: Maxwell Uche Nevoh, 30; Olatunji Yusuf, 37; Bankole Akeem Owolabi, 45; and Ganiu Monsiu, 43.

“The arrest of a foreign cartel specialist on Nigerian soil underscores the transnational nature of this threat, but more importantly, it underscores our Agency’s world-class intelligence capability to track, intercept, and neutralize them. Following the successful raid, a specialized team from our Directorate of Forensic and Chemical Monitoring moved in on June 18th, 2026, to conduct a rigorous forensic examination of the facility. What they uncovered is a massive, factory-level production line of poison.
“The laboratory was fully stocked with a frightening array of precursor chemicals, industrial catalysts, and heavy-duty processing equipment. Chemicals and Materials recovered include: Phenyl-2-propanone (P2P), which is the the main, highly controlled precursor required for methamphetamine synthesis; 1800-litre drums containing Phenylacetic acid (the primary precursor used to synthesize P2P); Two 180L drums containing a staggering 300 litres of whitish crystalline substance; Four 180L drums containing dark liquid undergoing synthesis.

“Others include: 101 bags (25kg each) of Caustic Soda; 17 containers (25L each) of Sulphuric Acid; 19.5 containers (25kg each) of Tartaric Acid; 5 containers of Reniso Ultracool 68 (three 50L and two 25L capacity; 25 bottles (500ml each) of 80% Thioglycolic Acid; 2 containers (25L each) of Ethyl Phenylacetate, and 25 cartons of aluminum foil.
“The Industrial Processing Equipment discovered at the site include: One (1) Reactor Pot, which is the heart of the chemical synthesis; Two (2) mounted distillation units and three (3) fabricated mixers and condensers; as well as Two (2) vegetable dehydrator machines used for the rapid drying of the crystals.

“As a result, immediate field tests were conducted by our forensic experts. Samples of the finished crystals recovered yielded a definitive positive result for Methamphetamine. Furthermore, the crystalline substance from the 180L drum tested positive for Phenylacetic acid. Every single gram of these exhibits has been safely evacuated, documented, and preserved for comprehensive and strict evidential presentation in court.
This is yet another multibillion-naira worth of illicit substances and production equipment ready to push millions of doses of synthetic drugs into our streets, communities and the international community but for the vigilance of our dedicated officers.”
Marwa noted that the proximity of the latest discovery to the Ogun State lab uncovered about four weeks ago reveals a desperate attempt by drug barons to establish a synthetic drug manufacturing hub in the Southwest axis, adding that the cartels thought hiding in dense forests would shield them from the long arm of the law but were wrong.

“Let the message go out clearly to all drug cartels, domestic and international that Nigeria is not, and will never be, a safe haven for your illicit trade. We will find you in the cities, we will track you into the forests, and we will dismantle your infrastructure of death. They thought hiding in dense forests would shield them from the long arm of the law. They were wrong”, the NDLEA boss warned.
“We want to commend the gallantry, dedication, and clinical professionalism of our officers of the Oyo state Command involved in this operation. To the Nigerian public, we say thank you for your continued trust and credible information. Together, we are securing the future of our nation”, he added.
News
BREAKING: El-Rufai arrives in court under heavy security for trial over alleged financial crimes
Ex-Kaduna State Governor, Nasir El-Rufai, has arrived at the Federal High Court sitting in Kaduna for the continuation of his ongoing trial over alleged financial misconduct and wire taping the National Security Adviser, brought by the Independent Corrupt Practices and Other Related Offences Commission, ICPC.
The former governor arrived at the court premises under intense security escort.
Recall that the case, which includes allegations of abuse of office, financial impropriety, and fraud during his tenure as governor, was previously adjourned to June 24, 2026, after two co-defendants failed to appear in court.
Meanwhile, El-Rufai has denied the allegations, while the ICPC says it has evidence supporting the charges.
DAILY POST reports that on April 14, 2026, the presiding judge of the court, Justice Rilwan Aikawa, granted the former Governor bail in the sum of N200 million, with conditions including two sureties – one being a serving or retired civil servant at Grade Level 15, and the other a recognised traditional ruler.
His lawyers later applied to the court for the variation of the bail conditions, which was turned down by the court.
At the court proceedings on Wednesday, the two co-defendants are expected to be present for the continuation of the hearing on the substantive matter.
Details shortly…
News
JUST IN: Obasanjo is alive, hale, hearty not dead– Reports
Ex-President Olusegun Obasanjo is alive, hale and hearty, according to reports.
This dispelled rumours in some quarters that the former President had died.
Nigerians and indeed the global community were thus enjoined to ignore the news of Obasanjo’s death.
It would be recalled that there had been news on the social media that the former President had passed on.
A terse statement jettisoning the rumour was captured thus, “The elder statesman is alive and actively engaged in various national and continental activities.
Ignore the death rumours”.
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