Across Nigeria Corruption Matters Main News News

$1.75bn oil blocks: NNPC, CBN, DPR get one-week ultimatum to produce documents

The House of Representatives on Monday gave the Nigerian National Petroleum Corporation and the Central Bank of Nigeria a one-week ultimatum to produce documents on various controversial Oil Prospecting Licences and Oil Mining Leases worth over $1.75bn.

Also affected are the Department of Petroleum Resources and the Office of the Attorney General of the Federation.

An ad hoc committee of the House is investigating allegations of breach of due process in the award of the licences and the alleged non-payment of application fees, royalties and signature bonuses by individuals and oil firms that benefited from the deals.

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