Browsing: OPL 245

Allegations of missing money are often translated into naked truth, in this season, without due reflection, and regard for the facts of the case. This is so, in this instance, because of reports of corruption involving and surrounding the OPL 245 transactions and foreign investors – Shell and ENI, into which the courts in the home jurisdictions of those companies are inquiring

Documents tendered before an Abuja Federal High Court by the former Attorney General of the Federation, Mohammed Bello Adoke, in a suit brought against the Attorney General of the Federation (ref. FHC/ABJ/CS/446/2017) seeking to prove his innocence in the $1.1 billion payment to Malabu Oil and Gas Limited, show that the Federal Government may have mismanaged the revocation of OPL 245 oil block and the eventual settlement agreement reached between the Federal Government of Nigeria and Malabu Oil and Gas Limited in November 2006

The position of the House was contained in a statement issued on Wednesday by the Chairman of the Ad Hoc Committee on the investigation of alleged corruption, malpractices and breach of due process in the award of OPL 245, Rt. Hon. Razak Atunwa

‘We know those who have compromised their positions in order to author the alleged ‘Report’ and their theatrical display for public gallery. We also know those secretly beating the drums for masquerades dancing in the market square. We shall confront them at the appropriate forum’