•Seyi Sowunmi, Labour Party (LP) lawmaker
The House of Representatives is probing into an $850 billion exports revenue losses spanning about 30 years.
Between 1996 and 2014, export proceeds worth $850 billion left the country and never returned.
The money simply evaporated from the national financial system, leaving behind an economy warped by missing revenue and weakened institutions.
Consequently, for the first time, the House of Representatives is attempting to retrace the path of the vanished billions.
The House Ad-Hoc Committee on Pre-Shipment Inspection of Exports and Non-Repatriation of Crude Oil Proceeds, led by Seyi Sowunmi, a Labour Party (LP) lawmaker, moved the motion to unravel a scandal stretching across political eras, oil booms, recessions, and multiple administrations.
