Nigeria Probes $35M Abandoned Bayelsa Refinery

Nigeria’s House of Representatives has launched an investigation into the stalled $35 million modular refinery in Brass, Bayelsa.

The project, funded in 2020, shows no progress despite its aim to boost local oil refining. Concerns over wasted funds and weak oversight drive this urgent probe.

Call for Accountability

On Wednesday, October 15, 2025, Hon. Billy Osawaru from Edo State moved a motion titled “Investigate the Abandoned $35M Modular Refinery in Brass.”

The House quickly adopted it. The motion targets the Nigerian Content Development and Monitoring Board’s (NCDMB) role.

Osawaru highlighted the refinery’s goal to process 2,000 barrels daily, create jobs, and support local firms. Managed with Atlantic International Refinery, it promised to cut import costs. Yet, no work has started, leaving over N50 billion unaccounted for.

Funds Gone, No Results

Osawaru called the project a “ghost,” noting its funds could have fueled major national needs. A 2024 petition to the Economic and Financial Crimes Commission (EFCC) demanded answers, but no progress followed. Earlier House efforts to investigate also stalled.

The delay hurts Nigeria’s energy goals, Osawaru warned. It raises doubts about public fund management and oversight, undermining trust in oil sector projects.

Swift Legislative Action

Deputy Speaker Benjamin Kalu led the plenary, where lawmakers backed the motion. The House tasked its Petroleum Resources (Downstream and Midstream) and Legislative Compliance Committees with the probe. They must report findings within four weeks.

Minority Leader Kingsley Chinda called the issue a sign of deeper oil sector flaws. “We’re losing money and potential,” he said, urging a thorough review.

Why It Matters

Modular refineries are vital for Nigeria’s oil independence, cutting reliance on imports. The Brass project’s failure stalls growth in Bayelsa, a key oil region. This probe could uncover mismanagement and spark reforms.

The committees’ findings may lead to fund recovery or legal action. They aim to ensure future projects deliver, boosting economic stability.

Path Forward

This investigation highlights Nigeria’s need for stronger project oversight. As the nation faces budget strains, accountability is key. Stakeholders await the report, hoping for clarity on the lost millions.

The probe could set a precedent for managing oil investments. With Bayelsa’s potential at stake, Nigeria seeks answers to revive its refining dreams.

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