Zenith

  • Latest News

    Friday, June 1, 2012

    Reps Probe FG's Role In $1.3bn Oil Block Sale Scandal


    President Goodluck Jonathan

    Members of the Nigerian House of Representatives during Thursday plenary session took ample time to deliberate on the alleged scandal on the $1.3 billion sale of oil block to SHELL/Agip and resolved to investigate the matter.
    The resolution came on the heel of media report that some government functionaries in the President Goodluck Jonathan were involved in round tripping of the proceeds from the transaction.
    The committee is to conduct the investigative public hearing on the questionable sale of OPL 245 and report back to the House within three weeks.
    In his lead debate, Hon Robinson Uwak representing Oron Federal Constituency in Akwa Ibom expressed concern over the national embarrassment the transaction has caused the country.

    He said "The transaction between Shell and the Federal Government is not really the issue but the subsequent transfer of the $1.3 billion into Malibu Oil and Gas company that I implore this House to investigate the matter and save the country the embarrassment.”
    To address the issue, Uwak urged the House to investigate the role played by Federal Government in the "alleged round-tripping in the sale of OPL 245 oil bloc to and the immediate transfer of the fund to Malibu Oil and Gas Ltd.
    “The tripartite arrangement is suspicious because the purported $1.092 billion that was immediately transferred into the account of Malibu Oil and Gas Ltd did not follow due process and the pattern of distribution."
    He added that “there are substantial grounds for the investigation of this matter because of the negative publicity which this matter has generated within Nigeria and abroad with damning consequences for our national image and credibility made it necessary to bring the matter before this Honourable House.”
    The debate was put to a voice vote and it was unanimously adopted that an adhoc committee be constituted to investigate the Federal Government on its alleged role in the sale of OPL 245 to HELL/Agip
    • Blogger Comments
    • Facebook Comments

    0 comments:

    Item Reviewed: Reps Probe FG's Role In $1.3bn Oil Block Sale Scandal Rating: 5 Reviewed By: BrandIconImage
    Scroll to Top