27 May 2014

Nigeria: Diezani, Shell in Fresh Probe Over Sale of OML 29

In a fresh bid likely to kick start a new row, the House of Representatives is set to investigate the role of the Minister of Petroleum, Mrs Diezani Allison-Madueke, in the alleged illegal sale of Oil Mining Licence (OML 29).

The House, which set up an ad-hoc committee for the purpose of investigating and establishing the validity of the transaction by the oil giant, Shell Petroleum Development Company (SPDC), has two weeks to submit its report.

Its composition was announced.

Shell was not the only oil company fingered. Other Oil majors too were alleged to have hidden under the cover of waivers usually granted by the petroleum minister to embark on the sale of OML 29 and others.

The House was prompted by a motion sponsored by Hon. Irona Alphonsus Gerald. According to the lawmakers, OML 29 has been in the custody of Shell for more than 52 years and one-half of the area of lease has not been relinquished to the federal government as stipulated by the Petroleum Act.

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