News

March 25, 2016

Reps probe beneficiaries of oil licences

Reps probe beneficiaries of oil licences

Buhari

By Emman Ovuakporie & Johnbosco Agbakwuru

ABUJA—THE House of Representatives, yesterday, warned that it would expose those behind oil racketeering in the country as it had set up an ad-hoc committee to investigate all beneficiaries of Oil Prospecting Licenses, OPL, and Oil Mining Licenses, OML in the country.

The House noted with dismay that the process leading to the award of the oil blocks had been discovered to be flawed and revenue expected to come to government treasury in private hands with the connivance of expatriates in the industry.

 

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