The Indian High Commissioner to Nigeria, Ajjampur R. Ghanashyam, has revealed that the NNPC had failed to sign a long-term agreement with New Delhi, Nigeria’s Number One oil buyer, but rather used intermediaries in the annual $14 billion deal.
The Indian High Commissioner added that apart from the lack of long-term agreement between the two countries on crude oil purchases, in 2006, an Indian company, Oil & Natural Gas Commission Videsh Limited (OVL) and Mittal Energy International, which is a joint venture between OVL, an Indian government company, and Mittal Energy a private firm, applied for oil concession. The Signature bonus sum of $25 million was paid, but neither was the oil concession granted nor the money paid returned to the Indian companies.
He lamented the situation thus, “How many years is it? Nine years. Even to get the concession is not possible, and the money is not refunded to us. For nine years your country has been sitting on this, and they make us go round and round and round. We buy $15 billion worth of crude oil per year and we have the potential of importing $50 billion worth of crude oil from Nigeria.
Checks at the Department of Petroleum Resources (DPR), Abuja at the weekend revealed that the letter for the signature bonus was prepared by the department, but the former minister failed to sign it until the end of the tenure of the Jonathan administration.
If its been nine years then its not Dezianni alone that must have been d only minister involved in this. Have you heard the New Nigerian Anthem? Anticipate #PromiseLand.
ReplyDeletei dnt believe any of this story joor...our style of politics is just bend on destroying another once image...make una go arrest her na
ReplyDeleteHehehehe hope this is not true I just de watch
ReplyDeleteInteresting
ReplyDeleteThis is the beginning
ReplyDeleteDis man is talking of paying money in 2006 dat OBJ tenure na not GEJ.
ReplyDeleteShe is in dip mess
ReplyDelete