The Shell Petroleum Development Company of Nigeria Limited has completed the sale of its 30 percent stake in Oil Mining Lease (OML) 17 in the Niger Delta to TNOG Oil and Gas Limited.
The company said in a statement on Friday that the OML 17 and its associated infrastructure were sold to the company for $533million.
TNOG Oil and Gas is a related company of Heirs Holdings Limited and Transnational Corporation of Nigeria (Transcorp) Plc.
Heirs Holdings Limited and Transcorp are both chaired by Tony Elumelu, who is also the Chairman of United Bank for Africa (UBA) Plc.
The OML 17 has a production capacity of 27,000 barrels of oil equivalent per day.
The field has estimated proven and probable reserves of 1.2 billion barrels and an additional one billion barrels in possible reserves — all of oil equivalent.
According to Shell, the deal was completed after approval by the Federal Government.
The statement read: “A total of $453m was paid for OML 17 at completion with the balance to be paid over an agreed period. SPDC will retain its interest in the Port Harcourt Industrial and Residential Areas, which fall within the lease area.”
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‘Governor Abiodun Committed To Rule Of Law, Democracy’
The commitment of the administration of Governor Dapo Abiodun in Ogun State to ensure the preservation of the rule of law, battle corruption and, protect the tenets of democracy in the country has again been reiterated.
According to a top functionary of the government, apart from prioritising the welfare of the people, the administration is working hard to deepen the people’s beliefs in the nations democratic process.
Kayode Akinmade, a Chief Consultant on Media to the governor, who spoke while answering questions on a television programme on Friday, said as a law-abiding leader, the governor has always taken recourse to the judiciary to seek redress for himself and his administration whenever the need arises, rather than engage in self-help.
Akinmade stressed that the decision of the governor to approach the court over the matter between him and the impeached chairman of Ijebu East Local Government Area, Wale Adedayo, is a demonstration of his belief in the rule of law and his indisposition to ‘rule of force’.
Adedayo appeared before a Magistrate’s Court at Isabo, Abeokuta, on a petition filed by the state government against him over an earlier allegation of diversion of funds meant for Council Areas in the state. Governor Abiodun is insisting that the former Council boss must prove his allegations against his administration or face the wrath of the law for falsely inciting the people against the government.
Adedayo was arraigned on a two-count charge. According to Akinmade, it is wrong for people to rush to accuse the governor of persecuting Adedayo, who according to him, has “severally apologised to the governor in private while continuing with his ill-motivated misinformation in public.”
“The governor believes that taking Adedayo before the court will deepen our democracy and entrench the rule of law.
“Unlike some other people in Governor Abiodun’s shoes who would readily recourse to sending thugs after and unleashing other forms of violence on those who accused them rightly or wrongly, our governor decided to seek redress in court. I think he should be commended by all and sundry for this. What he is doing is giving Adedayo a chance to prove his allegations,” Akinmade said.
On the allegation by the impeached chairman that the governor is behind his removal, Akinmade said Adedayo was already facing removal from office before he raised the false alarms against the governor. “He has already been accused of several impeachable offences before he wrote the letter alleging that the governor diverted council funds. He had already reached out to the governor and other leaders of the party to help him stave off his removal. It was when he realized he may not survive the impeachment move that he connived with some other unscrupulous politicians in the party to malign the governor and discredit the APC in Ogun State,” Akinmade said.
The media chief added that claims by Adedayo that he got zero allocation since he became chairman of his local government were proved wrong by the Joint Account Allocation Committee (JAAC) in the state when the House of Assembly looked into his petition. He recalled that other council chairmen in the state also debunked the allegation and even brought Adedayo with them to apologize to the governor for the wrong allegations.
“But in spite of all these, he didn’t stop his scripted plot to tarnish the image of the governor. Hence, Governor Abiodun approached the court for redress,” he added.
Speaking further, Akinmade recalled that the impeached council boss has been in office for more than two years before making his frivolous and unfounded allegations. “One then wonders why he is raising this alarm now. He claimed zero allocation, but he has been collecting his monthly N3 million security votes regularly. Local government staff in his LGA are not being owed, and primary school teachers there are paid as at when due. We all should be asking him to explain what he meant by zero allocation,” he said.
BREAKING: Kaduna Guber Tribunal Nullifies Election Of Governor Uba Sani
The governorship election petition tribunal sitting in Kaduna on Thursday declared the election of Uba Sani of the All Progressives Congress (APC) as inconclusive and thus nullified the exercise.
The tribunal made the declaration while delivering judgement via Zoom in a petition by the Peoples Democratic Party (PDP) and its candidate, Isah Ashiru, challenging the election of Sani in the March 2023, election.
The tribunal ordered that fresh election be conducted in seven wards in four LGAs of the state.
In Shakeup Of FCT Administration, Wike Sacks Agencies, Parastatals Heads
In a decisive shakeup of the administration of the Federal Capital Territory (FCT), its Minister Nyesom Wike, has sacked the heads of 21 parastatals, agencies, and government companies.
This was disclosed in a statement by the Director of Press, Office of the Minister, Anthony Ogunleye, in Abuja on Wednesday.
Ogunleye identified the affected heads of the agencies as follows:
1. Group Managing Director and Chief Executive Officer, Abuja Investment Company Ltd
2. CEO/Managing Director, Abuja Markets Management Ltd
3. MD/CEO, Abuja Urban Mass Transport Company
4. CEO/MD, Abuja Property Development Company
5. CEO/MD, Abuja Technology Village Free Trade Zone Company
6. CEO/MD, Abuja Film Village International
7. CEO/MD, Powernoth AICL Equipment Leasing Company Ltd
8. MD, Abuja Broadcasting Corporation
9. MD, Abuja Enterprise Agency
10. General Manager, FCT Water Board
11. Director-General, FCT Emergency Management Agency
12. Executive Secretary, FCT Primary Healthcare Board
13. DG, Hospital Management Board
14. Director, Abuja Environmental Protection Board
15. Director, FCT Scholarship Board
16. Director, FCT Christian Pilgrims Welfare Board
17. Director, Muslim Pilgrims Welfare Board
18. Coordinator, Abuja Infrastructure Investment Center
19. Director, FCT Health Insurance Scheme
20. Coordinator, Satellite Towns Development Department
21. Coordinator, Abuja Metropolitan Management Council
The director of the press said that the affected appointees should hand over the affairs of their offices to the most senior officers in rank.
He added that appointments in the offices would be made in due course.
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