Reps move to uncover alleged forex scam

Reps move to uncover alleged forex scam

- Some oil companies whose names appeared on the CBN list as those that accessed forex for oil activities have denied collecting such monies

- The House of Representatives has vowed to get to the root of the alleged foreign exchange manipulation involving some NNPC officials

- Meanwhile, speaker of the House of Representatives, Yakubu Dogara, says corruption cannot be totally eliminated

Reps to drag NNPC officials to EFCC over forex scam

The House of Reps has said it will get to the bottom of the investigation on the alleged forex scam involving some officials of the NNPC.

The House of Representatives has threatened to drag officials of Nigerian National Petroleum Corporation (NNPC) to the EFCC in its determination to uncover an alleged foreign exchange manipulation scam.

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The warning which was issued by the House committee on the review of price of petroleum products, comes shortly after some oil companies whose names appeared on the Central Bank of Nigeria (CBN) list as those that accessed forex for oil activities, denied having collected such monies, Vanguard reports.

But the chairman of the committee, Raphael Nnanna Igbokwe, warned that the committee would get to the root of the matter to determine the level of involvement of officials of NNPC in the alleged foreign exchange manipulation scam.

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Meanwhile, speaker of the House of Representatives, Yakubu Dogara has said the fight to totally eliminate corruption will be a futile effort as it cannot be totally eliminated.

NAIJ.com has gathered that the honourable said corruption exist even in advanced country and the only thing that can be done is to reduced it to the bearest minimum instead of trying to end it totally.

Dogara, who made this statement during an interview with Daily Trust, said an attempt to totally eliminate corruption will be the same as an attempt to end humanity.

In the video below, NAIJ.com visits Ile-Ife to give an update on the recent crisis that occurred in that ancient town.

Source: Naij.com

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