A senior Nigerian lawyer, Femi Falana, has threatened to go to court if the Muhammadu Buhari administration goes ahead to allocate oil blocks to private individuals and corporate bodies.
Our attention has been drawn to the decision of the Federal Government to revoke a number of oil blocks and marginal fields hitherto allocated to a few individuals as well as local and foreign corporate bodies by former military and civilian regimes in Nigeria.
Your Excellency may no doubt be aware that majority of the owners of the oil blocks belonging to the Nigerian people usually sub-lease them to offshore companies as they lack the fund and the technical expertise to develop the oil and gas industry. By merely collecting huge rents the oil block owners become stupendously rich while the federal, state and local governments depend on loans and bailout to pay salaries and carry out basic infrastructural development of the country.
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