Buhari Set To Probe GEJ For Remitting $100M From Sale Of Oil Block Worth $1.85B

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The President of Nigeria, Muhammadu Buhari is set to probe the Goodluck Jonathan administration over unremitted funds from sale of oil blocks.

According to Daily Times report, the President will be hosting the head of the leading global corruption watchdog Clare Short this week and top on the agenda will be a probe of how Nigeria allegedly remitted $100 million for the sale of oil blocks on which the country was paid $1.85b, it was learnt on Monday.

Short, who heads the Extractive Industries Transparency Initiative (EITI) arrived in the country on Monday on a three-day working visit.

She will be holding talks with President Buhari on the implementation of the independent reports of the Nigeria Extractive Industries Transparency Initiative (NEITI)

NEITI has also said the sale of eight oilfields to NNPC’s upstream arm in 2010-2011 should be reviewed, as they were sold at $1.85 billion of which only $100 million was remitted to the federation account in February 2014.



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