The Nation Newspaper Neconde Energy Ltd denies impoverishing host community
, an independent oil and gas company with stakes in developed oil fields and gas reserves in the Niger Delta and Joint Venture partner of the NNPC Exploration and Production Limited on the OML 42 Oil Asset, has refuted allegations of impoverishing its host communities in the Niger Delta.
In a rebuttal by its legal department, the company, which had been managing the OML 42 oil asset as a joint venture partner of the NNPC Exploration and Production Limited, since 12 years ago, said: “While we understand that any reasonably informed Nigerian or organisation need not dig too deep to ascertain the true situation in OML42; the growing audacity of Ezekiel Kagbala and the clandestine sponsors of his publications, in what appears to be an increasing display of willful intent to...
Continuing, the company, which has invested significant amounts in the asset with the support of astute professionals, businesses, and financial institutions, explained that the Nigerian Petroleum Industry Act 2021 makes provisions for host communities that encourage social and economic development and aims to promote cooperation between the host communities and the petroleum asset operators.
While describing the reports as ‘greed-driven contract racketeering in collusion with certain elements’, Neconde Energy Ltd stated that the community leadership, opinion leaders and responsible members of the community have condemned and dissociated themselves from the false reports.
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