Students at the University of Lagos took to the streets on Tuesday (15 April) and marched to the National Assembly to protest over what has come to be known as Nigeria's Oilgate Scandal'.
CU ZOOM OUT GV Sign reading "National Assembly" TO Parliament building
CU & SV GV Student demonstrators with banners gathered outside Parliament building (2 shots)
SV Armed police and troops outside Parliament building with students holding rally
SV & GV Student leader addressing rally
CU & SV Students holding banners and placards (3 shots)
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Background: Students at the University of Lagos took to the streets on Tuesday (15 April) and marched to the National Assembly to protest over what has come to be known as Nigeria's Oilgate Scandal'. More than four and three quarter billion dollars is allegedly missing from the coffers of the Nigerian National Petroleum Corporation (NNPC).
SYNOPSIS: In September 1979 a Nigerian national newspapers reported that the money was missing from the account books recording NNPC sales of crude oil and petroleum products. The Senate leader of the Peoples Redemption Party, Sabo Barkin Zuwo, raised the matter in the Senate. Two weeks ago the Speaker of the House of Representatives, Edwin Ezeoke said an investigation into the alleged loss would go ahead despite denial of the loss by NNPC Chairman, Oke Halm. Mr. Halm had also denied allegations that the money had been traced to a London bank account.
The students are demanding to know who are the operators of the alleged bank account. Although a House Committee has already started a probe into the missing money the students also want a Judicial Inquiry into the scandal so anyone found guilty of misconduct can be brought to justice. The House of Representatives Committee investigating the scandal has announced it has a prima facie case that the money is missing from the NNPC and have sought police protection for its members.
Nigeria, which ranks eights among the world's top crude oil producers is experiencing an economic boom. Forty five percent of Nigeria's 2.2 million barrels daily production goes to the United States, making it the second biggest US supplier after Saudi Arabia. Proven reserves in Nigerian fields are estimated at about 18 billion barrels - but large areas have yet to be explored.