ALLISON MADUEKE SHELL’S N59trn OIL DEAL

House of Representatives has on Thursday, arrived at a unanimous decision to form an Adhoc committee that will carefully look into the alleged N59 trillion oil deal, involving the Minister of Petroleum Resources, Diezani Allison-Madueke, Shell Petroleum Limited, Nigerian Petroleum Development Company,NPDC, Nigerian National Petroleum Corporation,NNPC, Atlantic Energy Drilling Concept Limited and Septa Energy Limited.
The decision was made after a motion sponsored by Victor Ogene was deliberated upon. The motion was connected to a protest by some oil producing communities in Delta State last week.
Arguing in support of his position, Hon. Ogene observed that representatives of oil producing ethnic nationalities in Delta State protested the alleged fraudulent allocations of some marginal oil fields at the premises of the National Assembly on Thursday, April 25, 2013.
In his claim, the Federal Government would have realized $800 million instead of the $50 million it received, if they had considered the open competitive bidding as specified by section 16 of the Public Procurement Act, 2007.(Well let’s see how this plays out, if the House of Rep’s pushes hard on this one, I am quit sure a whole loads of top ranking government individuals ven to past and persent presidents, will go down the drain- anyway” I guess its a season for “Ghana Must Go” to change hands in the lower house)

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