Senate Clash With Uboh Over $4.9 Billion Chevron Fraud

Senate has clashed with a petitioner,  Dr. George Uboh of the Panic Alert Security System (PASS) over the probe of an alleged $4.9b fraud at the Chevron Nigeria limited. 

Dr Uboh had requested in a letter addressed to Senate Committee on Ethics and Privileges of his decision to withdraw the petition against Chevron Nigeria Limited.

But, Senate in its resolution after consideration of the Committee report kicked against the withdrawal of the Petition by Dr. Uboh.

Presenting the report for Senate consideration,‎ Chairman,Senate Committee on Ethics, Privileges and Public Petitions, Senator Samuel Anyanwu said Uboh had written them, requesting for the withdraw of the petition.

Anyanwu said the request was made after Uboh and the Director of Finance of  Chevron, Mr. Uwakwe J.U appeared before the committee and made presentations.

According to the report, had alleged that between 2001-2002, Chevron evaded tax to the tune of over $343 million through over bloating of its operational costs under Petroleum Profit Tax, using Carry Agreement with NNPC as a cover when such agreement never existed with the company.

‎The report stated that the representative of Chevron, Uwakwe, had denied that the oil company recouped spurious loans from the NNPC or from any other entity.

But Deputy Senate President, Ike Ekweremadu and Senator Dino Melaye who spoke on the issue kicked the request urged the Senate to continue with the report. 

However, Senate President, Bukola Saraki ruled the matter will be probed by an ad hoc committee. ‎

‎It could be recalled that Uboh was the man who petitioned the senate accusing EFCC chairman, Ibrahim Lamorde, of diverting N1.93 trillion worth of recovered loot.

‎Uboh (pictured), who recycled the allegations, is currently being tried by the EFCC for criminal conversion of property belonging to the Police Equipment Fund (PEF).

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