The Managing Director of the company, Ali Zara, said this during an event organised by the Ogoni Liberation Initiative in Bori, headquarters of Khana Local Government Area of Rivers State.
Browsing: Nigerian Petroleum Development Company Limited
The equity and economic interests of all stakeholders will be protected as Pan Ocean Oil Corporation (Nigeria) Limited hands over OML 98 to the Nigerian Petroleum Development Company Limited.
Matashi, whose evidence started on Wednesday as second prosecution witness, stated that while the total value of the transaction as at 2014 was $823,750,159, Atlantic Energy Drilling Concept Limited could not meet up with its cash call for operations and training, which made NPDC, a subsidiary of the Nigerian National Petroleum Corporation, to use funds in its account to clear outstanding payments