• Contact Us
  • About Us
Monday, July 27, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Senate to probe oil licence deal

metro by metro
April 12, 2017
in Economy
0
Senate
0
SHARES
0
VIEWS

Senate has set up a committee to investigate the circumstances surrounding the award of oil prospecting licence (OPL) 245, the committee chairman said on Wednesday.

Courts in Nigeria and Italy are investigating the purchase of the offshore block which was initially awarded in 1998 to Malabu Oil and Gas, in a disputed deal, before Royal Dutch Shell and Eni were awarded the rights in 2011.

Read Also

Food Inflation, Geopolitical Risks, Others May Push CBN Towards Another Rate Hold – FDC, CIBN

Nigeria Ranks 55th Globally, Leads Africa In IMD Economic Performance, Slips In Overall Global Competitiveness

World Bank Approves $27m Performance-Based Grants For 20 Nigerian States

The House of Representatives mandated the committee to “conduct a thorough examination of the process and circumstances surrounding OPL 245 and identify culpability of any persons, groups or organisations,” committee chairman Razak Atunwa said in an emailed statement.

“The committee is aware of recent information that have come to light, both nationally and internationally, indicating that former President Goodluck Ebele Jonathan may have been complicit in the controversial OPL 245 deal,” said the statement.

The statement said the committee was “considering inviting him to give evidence” on the grounds that he “may well be in a position to assist it with its inquiries”.

Jonathan’s spokesman issued a statement on Tuesday in which he said allegations that the former president benefited from the proceeds of the oil block’s sale were entirely false.

Shell on Tuesday said it was aware that some of the payments it made to Nigeria for rights to the oilfield in the 2011 deal would go to a company associated with former Nigerian oil minister and convicted money launderer Dan Etete.

 

Previous Post

CBN says will enable foreign investors to repatriate dividends

Next Post

Nigeria must do more to rescue Chibok girls kidnapped by Boko Haram – UN experts

Related Posts

CBN
Economy

Food Inflation, Geopolitical Risks, Others May Push CBN Towards Another Rate Hold – FDC, CIBN

July 19, 2026
Elumelu Meets Tinubu In Aso Villa, Says President’s Policies For Nigerians’ Interests
Economy

Nigeria Ranks 55th Globally, Leads Africa In IMD Economic Performance, Slips In Overall Global Competitiveness

July 1, 2026
Economy

World Bank Approves $27m Performance-Based Grants For 20 Nigerian States

July 1, 2026
Households Earning Less Than N250,000 Or Less Monthly Won’t Pay Tax-Oyedele
Economy

Ekpo Blames Economic Managers For Nigeria’s Inability To Achieve Sustained Economic Growth

July 1, 2026
Next Post
Chibok girls

Nigeria must do more to rescue Chibok girls kidnapped by Boko Haram - UN experts

‘Eating After 7PM killing You Slowly’: Ghana president John Dramani Mahama Educates Africans, World

‘Eating After 7PM killing You Slowly’: Ghana president John Dramani Mahama Educates Africans, World

July 27, 2026
Amid Electricity Rationing REA Says 15 Universities Now Fully Connected To Solar Farms

Amid Electricity Rationing REA Says 15 Universities Now Fully Connected To Solar Farms

July 27, 2026
South Korea Court Gives Ex-President Yoon Suspended Jail Term For Violating Election Law

South Korea Court Gives Ex-President Yoon Suspended Jail Term For Violating Election Law

July 27, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version