The House of Representatives has launched an investigation into the $35 million government-funded modular refinery project in Brass, Bayelsa State, which has yet to take off despite the huge investment.
The decision followed a motion of urgent public importance raised by lawmaker Billy Osawaru, who expressed concern that there was “nothing on ground” to justify such a massive financial commitment.
He said the funds were intended to support Nigeria’s local refining capacity and reduce dependence on imported petroleum products.
Following debate on the motion, the House directed its Committee on Downstream and Midstream Petroleum to probe the circumstances surrounding the $35 million investment and report back with findings and recommendations.
Lawmaker questions missing project despite heavy investment
While presenting the motion, Osawaru explained that expanding the nation’s local refining capacity would help increase revenue, reduce foreign exchange pressure, and limit borrowing for budget financing.
He reminded colleagues that the initiative to fund modular refineries began under the Buhari administration to boost energy production in the Niger Delta region.
He further noted that under President Bola Ahmed Tinubu’s Renewed Hope Agenda, local refining remains a top priority for achieving energy independence, industrial growth, and job creation. “The objective of this administration is clear — to ensure energy security through improved oil output and better use of national resources,” he said.
The lawmaker revealed that in 2020, the Nigerian Content Development and Monitoring Board (NCDMB) invested $35 million in Atlantic International Refinery and Petrochemical Limited for a modular refinery in Brass. However, five years later, there is no sign of progress on-site.
Petition to EFCC yet to yield results
Osawaru expressed worry that despite public interest and media attention, the refinery project remains dormant, raising serious concerns about accountability in public spending.
He disclosed that in May 2024, a stakeholder petitioned the Economic and Financial Crimes Commission (EFCC) to investigate the matter, but “nothing has been heard” since.
He described the situation as “a monumental economic sabotage” and urged the National Assembly to ensure that those responsible for the mismanagement of public funds are held accountable.
The House resolved to pursue the investigation vigorously, promising that the outcome would expose how the $35 million was spent and ensure that such waste does not recur in future government-funded projects.
