A former Attorney-General of the Federation (AGF), Mohammed Adoke, has claimed that ex-president Olusegun Obasanjo revoked the Oil Prospecting Lease (OPL) No 245 in July 2001 and awarded it to Shell because the block’s owners refused to cede a 60 per cent stake.
Speaking on Tuesday during a reading of his new book, ‘OPL 245: The Inside Story of the $1.3bn Nigerian Oil Block,’ Adole claimed that high-profile individuals were after the proceeds of the oil block, resulting in a “dog-eat-dog” situation, which led to the reason the licence was revoked.
NN reports that OPL 245 was awarded to Malabu in 1998 by the regime of the late Sani Abacha, but it became a subject of global corruption investigations, criminal prosecution and civil cases across the world after the Nigerian company sold its entire interest for $1.1 billion to…Kindly Scroll Up And Read Original For The Full Contents.