Showing posts with label OPL 245. Show all posts
Showing posts with label OPL 245. Show all posts

Wednesday, 11 September 2013

Ex-militant Urges Senate to Stop Probe of OPL 245 Deal

A former militant leader in the Niger Delta, Mr. Ebikabowei Victor Ben, popularly known as General Boyloaf, has urged the Senate to stop its investigation of the Oil Prospecting Licence (OPL) 245 deal and concentrate on the passage of the Petroleum Industry Bill (PIB), which has already abrogated discretionary award of oil blocks. The ex-war lord also decried the rising cases of oil theft and pipeline vandalism and commended the federal government for awarding contracts for pipeline surveillance to leaders of ex-militants and host communities, saying communities where pipelines cut across should be engaged to watch over these assets. In a statement on the state of the nation, the former militant leader also alleged that politicians had hijacked the well-conceived amnesty programme in the Niger Delta for their selfish interest, saying the current programme was not the vision of the programme the ex-militants agreed upon when they surrendered their arms and accepted amnesty for peace and development.
On the controversy over the ownership of OPL 245, he stated that the government of the late General Sani Abacha awarded numerous oil blocks inclusive of OPL 245 and OPL 246 in 1998. “In 2001, the government of President Olusegun Obasanjo revoked Malabu’s right to OPL 245 forcing Malabu to seek justice in court. Of note, other oil blocks, notably OPL 246 awarded by the late General Sani Abacha was not revoked only OPL 245 owned by Malabu was revoked. In 2002, the Obasanjo government re-awarded OPL 245 to Shell after a competitive bidding. But most interestingly, in 2006, realising the grave injustice meted on Malabu, the same Obasanjo government that revoked Malabu’s right to OPL 245 restored its full right of the oil block, thereby correcting the mistake it made in 2001. While the multinational Shell felt aggrieved and sought relief at the courts in foreign lands as multinationals always do, the matter dragged on and was stalemated. It was only in 2011, after about 14 years of acrimonious litigation that the federal government of President Goodluck Jonathan resolved finally and satisfactorily the various ownership claims of OPL 245 between all contending parties,” he explained.
According to him, up till today, the president has the discretionary power to award oil blocks, except the still born petroleum industry bill is passed into law and states otherwise, changes, amends or removes this prerogative powers from the president.
He urged the National Assembly not to reopen an already determined case, adding that between 2002 and 2003, the House of Representatives spent millions of tax payers’ money over a period of 10 months investigating what the Nigerian media sensationalised as the “Malabu Scandal.”

Monday, 10 December 2012

Abacha’s Son Lays Claims to Malabu Shares

Mohammed Abacha, the eldest son of the late Head of State, General Sani Abacha, has accused the former Minister of Petroleum Resources, Chief Dan Etete, of shortchanging him on the board of Malabu Oil and Gas Limited.
Abacha, who testified before the House Ad hoc Committee investigating the sale of Oil Prospecting Licence (OPL) 245, claimed that he owned 50 per cent shares of Malabu Oil and Gas Limited, Pecos Energy owned 20 per cent, while Etete had 30 per cent at the inception of the organization. Abacha alleged that Etete connived with some officials of the Corporate Affairs Commission (CAC) to alter the shares of Malabu and ended up giving him (Etete) 100 per cent ownership of the company. He also alleged that the original file of Malabu, which was registered on April 24, 1998 with N20 million share capital ‘got missing in the commission and a temporary file was opened in May 2000.
In a bid to further press his claim, Abacha said he instituted a civil action in Suit No. FHC/ABJ/CS/59/2010 and FHC/ABJ/CS/51/10 against Malabu Oil and Gas Limited, other directors and the CAC.
He alleged that his suit was however frustrated due to the disappearance of the case file from the court.
He also alleged that between 2009 and 2011, Shell Nigeria Ultra Deep Company (SNUD), Nigeria Agip Exploration Ltd (NAE) and Shell Nigeria Exploration and Production Limited (SNEPCO) entered into negotiation for the acquisition of OPL 245 being an asset of Malabu Oil and Gas and same was acquired through Etete for a consideration of USD 1.3 billion without recourse to the rightful owners being the complainant.