Abubakar Malami, the Attorney General of the Federation (AGF) and Minister of Justice, says the claim of a loss of over 2.4 billion dollars from the unlawful sale of 40 million barrels of crude oil is unfounded.
He mentioned this on Thursday during his appearance before the House of Representatives Adhoc Committee examining the incident.
According to Malami, after conducting an investigation into the accusation, it was discovered that the origin of the oil reportedly lost in China was unclear, which was communicated to President Muhammadu Buhari.
The AGF also informed the lawmakers that details of whistle blowers as requested by the committee cannot be disclosed at a public hearing because it breached confidentiality and indeed the whistle blower policy.
With regard to details of accounts into which recovered monies were paid, he said the Central Bank of Nigeria (CBN) maintained these accounts which are operated by the Ministry of Finance, maintained in the apex bank and that the AGF is not a signatory.