Nigerian Expert Shames Shell, Eni In Italian Court Over OPL 245 Award Process | Sahara Reporters It is my considered view that the licence award on the basis of FGN Resolution Agreement is anomalous & unprecedented in Nigerian Oil & Gas Sector READ MORE:
The Federal Government appears to have made progress in the prosecution of the flaws associated with the controversial award of OPL 245 to oil giants, Shell and Eni.
The Milan Deputy Chief Prosecutor, Mr. Fabio DePasquale, had taken Ayoade through his expert report when he was asked to prepare a submission in support of corruption charges, bribery and illegal sale and acquisition of the oil blocks by the two major oil companies and the allocation of the blocks to Malabu by the former Minister of Petroleum Resources, Chief Dan Etete.
Under examination by the prosecutor, Ayoade further expressed shock at the condition for the acquisition of the lucrative block by the IOCs. In his oral testimony, he said: “I am surprised that everything around the Resolution Agreements destabilises established petroleum laws and regulations in Nigeria."
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