The House of Representatives on Tuesday shoved aside the report of an ad-hoc committee which probed the alleged involvement of the former Minister of Petroleum Resources, Diezani Alison-Madueke, in shady oil deals.

The report was compiled by the Muraina Ajibola-led ad-hoc committee and contains three recommendations which didn’t see any wrongdoing by the former minister.

The House had last year set up an ad-hoc committee to investigate the alleged shady deals involving the former minister, Nigerian National Petroleum Corporation (NNPC), the Nigerian Petroleum Development Company (NPDC), Shell Petroleum Development Company (SPDC), Atlantic Energy Drilling Concept Limited; and Septa Energy Limited, with respect to the farm-out or allocation of oil mining leases OML 4, 26, 30, 34, 38, 41 and 42.

The investigation was aimed at uncovering truth about the alleged shady deals involving the minister, NNPC, NPDC, Shell, Atlantic Energy, Septa Energy Limited and any other entity with respect to the farm-out or allocation of leases in question.

The said leases were sold by Shell and its partner – Eni and Total – to Seplat Development Company Limited (OMLs 4, 38 and 41); Neconde Energy Limited (OML 42), ND Western Nigeria Limited (OML 34), Elcrest (OML 40) and Heritage Oil (OML 30) between 2010 and 2013 under a tender process that was widely reported by local papers, and were later approved by Alison-Madueke as stipulated under the Petroleum Act.

Read full story
http://monitor9ja.com/2015/06/house-throws-out-report-clearing-alison-madueke-over-allocation-of-oil-leases/

jam

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