The relative peace in the oil-rich Niger Delta region, which enabled Nigeria to produce about 2 million barrels of crude oil per day in recent months is seriously being threatened, following the cancellation of three oil blocks won by indigenes of the region in the 2007 bid round by the Federal Government.
The three oil blocks had for eight years been stalled by litigation until it was resolved in 2015.
It was learnt that President Muhammadu Buhari was proded into the revocations of the oil blocks by the leadership of the Nigerian National Petroleum Corporation (NNPC) and the Nigerian Petroleum Development Company (NPDC).
A source within the NNPC management confided in Daily Sun that top NNPC officials had secretly advised the president to revoke the oil blocks, namely, Oil Prospecting Licences (OPLs) 2001, 2002 and 2003 by hoarding vital information and distorting facts presented to him.
It was also learnt that to ensure the conspiracy succeeded, officials of the two government oil companies blacked out the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, from the move. Also left out were the Minister of Justice and Attorney General of the Federation, Abubakar Malami, as well as the leadership of the Directorate of Petroleum Resources (DPR), the....http://www.mcebisco.com.ng/2017/05/breaking-buhari-orders-cancellation-of.html