The Nigerian Senate has come under intense pressure from the presidency, the petroleum ministry and the Nigerian National Petroleum Corporation [NNPC] to abandon a planned investigation into the disappearance of a staggering $48.9 billion (about N8 trillion) crude oil money, senators have told Premium Times.
A Senate investigative hearing into the scandal, regarded as one of Nigeria's biggest fraud, billed to commence Thursday, was rescheduled for next Tuesday.
According to senators, the move was part of efforts by the upper chamber of parliament to deflect a growing pressure from multiple government offices, including the presidency, demanding that the probe be suspended.