 The federal lawmaker representing Iqpo Baqa federal constituency of Edow State in the Eighth National Assembly, Honorable Johnson Awunayema, has blamed highly-placed cabal for the humongous revenue loss in the oil and gas sector. The lawmaker made his allegation at the ongoing public hearing on alleged loss of over $2.4 billion on revenue from illegal sale of 48 million barrels of crude oil export in 2015, including crude oil export from 2014 till date, plus TV manual Ahejenei report is presented from our studio. The other committee was set up on December 20, 2022, after motion brought before the House by Hon. Ibrahim Ishakar on the need to investigate the serious loss recorded by the country in crude oil sale amounting to billions of dollars. The Speaker, Femi Bajabiamila, who was represented by Hon. Ishakar in his welcome address, stated that sections 88 and 89, including the House rule, gave the House power to set up an other committee to investigate the less crude oil theft. This was brought to us by the chairman of the other committee, Hon. Mike Iqbila, who assured the invited organizations that the aim of the investigation is not to which ends, but rather to address corruption. In the light of the dwindling revenue accruing to the Nigeria from crude oil sales, it was quite alarming to learn about the whistleblower's allegations that over 2.4 billion US dollars in possible revenue by the country was allegedly lost from the sale of 48 million barrels of Nigerian crude oil cargos in China. While we will not allow Nigeria's commonwealth to be stolen and free of the way, we will also have to uphold the very tenets of human rights, the rule of law to say that everybody deserves a fair hearing. In his submission, a former lawmaker representing Iqboba Oka Federal Constituency in eight legislative assembly blamed the huge oil theft on the activities of cabals in the country who are determined to detail the will of progress in Nigeria. Through critical NAPC data and the Central Bank pre-shipment special report shows an all-declared crude oil shortfall of 57 million, 830,000 of Nigeria crude oil translated to well over 17 billion dollars to the United States of America, also over 3 billion dollars to China and 839,522,000 to Norway. Oriental energy and Niger intelligence agency were present but could not make submissions but were however given one week to make a presentation. While the NNPC, CBN, AGF, Offstream Regulatory Commission, Ministry of Finance, Account General Office and orders all shunned first day of the hearing as a committee adjourned to next week. So, hope you enjoyed the news, please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.