Court orders return of Malabu oil block, OPL 245, to FG

Hamilton Nwosa
Writer
new-diplomat default image
new-diplomat default image

Ad

LCCI elects Leye Kupoluyi as 44th president, pledges stronger Advocacy for businesses

By Obinna Uballa The Lagos Chamber of Commerce and Industry (LCCI) has elected Engr. Leye Kupoluyi as its 44th President and Chairman of Council, succeeding Gabriel Idahosa after the completion of his tenure. Kupoluyi, an accomplished engineer and former Deputy President of the Chamber, was confirmed in office during the LCCI’s 137th Annual General Meeting…

A Troubling Message from Guinea-Bissau, By Azu Ishiekwene

None of the three Guineas is thriving, but in Guinea-Bissau, the country that sits on Africa’s map like a tongue of fire, recent events are twisting that nation’s fate into profound misery. Guinea Conakry is in the grip of a military dictatorship with a messianic complex, while Equatorial Guinea is led by an authoritarian civilian…

JUST IN: Gen. Chris Musa officially sworn In as Nigeria’s Defence Minister

By Obinna Uballa General Christopher Musa (rtd), the immediate past Chief of Defence Staff (CDS), has been sworn in as Nigeria’s new Minister of Defence. President Bola Tinubu administered the oath of office at the State House, Abuja, on Thursday, barely 24 hours after the Senate screened and confirmed the retired general. Special Adviser Information…

Ad

The federal high court, Abuja, has given the federal government control of the controversial OPL 245, pending investigation into the $1.1 billion Malabu oil deal.

John Tsoho, a judge, gave the order, following an ex parte motion filed by the Economic and Financial Crimes Commission (EFCC).

The OPL245 was said to have been acquired from the federal government by Malabu Oil and Gas Limited in 1998.

It was later sold Shell and Agip.

“The property known as Oil Prospecting License (OPL 245) is to be managed by the Department of Petroleum Resources on behalf of the federal government of Nigeria pending the conclusion of investigation and prosecution,” he had declared.

On December 20, 2016, the EFCC in a nine-count charge accused Mohammad Adoke, a former attorney-general of the federation, and nine others of defrauding the federal government.

The house of representatives has also reopened its own investigation into the oil deal.

Ad

X whatsapp