India High Commissioner Reveals $14b Shady Oil Deal Under Diezani

The Indian High Commissioner to Nigeria, Ajjampur R. Ghanashyam, has revealed how the Nigerian National Petroleum Corporation used intermediaries in the annual $14 billion deal instead of just signing a long-term agreement with New Delhi, Nigeria’s Number One oil buyer.

Daily Trust reports that the Indian High Commissioner said that aside 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, however, neither was the oil concession granted nor the money paid returned to the Indian companies.

Buhari Must Pay Us For Pipeline Surveillance – Asari-Dokubo

Former Niger Delta militant leader, Asari-Dokubo, has called on the government of President Muhammadu Buhari to pay contractors of the oil pipeline surveillance project across the country.

Asari-Dokubo, who is one of the former Niger Delta agitators awarded pipeline surveillance contract by the Goodluck Jonathan Government, told PUNCH that the three-month deal elapsed on June 15.

He said that the ex-minister of Petroleum Resources, Diezani Allison-Madueke, did not sign for the payment of the pipeline surveillance contract before she left office.