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Reps to probe $35m failed modular refinery project in Niger Delta

✍️ Sharon Eboesomi, .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow, Class, Wp-Block-Co-Authors-Plus, Display Inline, .Wp-Block-Co-Authors-Plus-Avatar, Where Img, Height Auto Max-Width, Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar, Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright 📅 October 15, 2025 12:36 PM 🕐 Scraped: October 15, 2025

Summary: The lawmakers noted that the investment was meant to support modular refineries across the Niger Delta, in line with the government’s policy to expand Nigeria’s revenue base, reduce foreign exchange pressure, and lower debt burdens by promoting indigenous refining.

The House of Representatives has resolved to investigate the circumstances surrounding the alleged mismanagement of a $35 million investment by the Nigerian Content Development and Monitoring Board (NCDMB) in a modular refinery project that never materialised in the Niger Delta.

The resolution followed the adoption of a motion moved by Billy Osawaru (APC, Edo) during Wednesday’s plenary.

The motion raised concerns about the non-existence of the Atlantic International Refinery and Petrochemical Limited, despite a massive federal investment made five years ago.

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Sharon Eboesomi, .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow, Class, Wp-Block-Co-Authors-Plus, Display Inline, .Wp-Block-Co-Authors-Plus-Avatar, Where Img, Height Auto Max-Width, Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar, Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright

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Published Date

October 15, 2025 at 12:36 PM

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