NNPCL's Dr Mumuni Dagazau Cleared of Fraud Allegations

The House of Representatives committee has dismissed money laundering allegations against Dr Mumuni Dagazau, the Executive Vice President (Downstream) of the Nigerian National Petroleum Company Limited (NNPCL). This decision followed an investigation into petitions submitted by the Coalition for Transparency and Accountability in Nigeria’s Petroleum Sector (CTANPS).

Hon. Ikenga Ugochinyere, Chairman of the House Committee on Petroleum Resources (Downstream), announced the dismissal during a meeting, noting that the CTANPS failed to provide documentary evidence to support its claims after appearing before the subcommittee on October 21. The committee also dismissed a petition alleging conflict of interest against Dagazau.

Ugochinyere emphasized the importance of evidence-based oversight in promoting accountability in the oil and gas industry. He highlighted ongoing developments in the downstream sector, including increased crude supply to local refineries and initiatives by NNPCL to modernize operations and diversify energy sources.