Leadership & Management

House Probes $35m Modular Refinery Project

The House of Representatives on Wednesday resolved to investigate the state of the $35m modular petroleum refinery in Brass, Bayelsa State.

The resolution of the House followed the adoption of a motion of urgent public importance moved by Billy Osawaru, an Edo lawmaker, at Wednesday’s plenary session.

It’s titled, ‘Motion of urgent public importance on the need to investigate the abandoned $35m modular refinery project in Brass, Bayelsa State, four years after a huge financial commitment to that effect.’

The project, a 2,000-barrel-per-day project, is being handled by the Atlantic International Refinery and Petrochemical Limited in collaboration with the Nigerian Content Development and Monitoring Board.

The modular refinery is intended to boost the nation’s crude oil production, enhance local refineries, encourage indigenous participation in content development, and create jobs in the petroleum industry.

Although construction was expected to commence in 2021, there are reports that the project has become a subject of investigation by the Economic and Financial Crimes Commission for alleged fraudulent practices.

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