Showing posts with label ultimatum to account for $22.6bn oil bloc. Show all posts
Showing posts with label ultimatum to account for $22.6bn oil bloc. Show all posts

Tuesday, 31 January 2017

Reps give CBN, others ultimatum to account for $22.6bn oil bloc

The House of Representatives Ad-hoc Committee on Oil Prospecting Licences, OPLs, and Oil Mining Leases, OMLs, yesterday, gave the Central Bank of Nigeria, CBN, and others one week ultimatum to provide all relevant documents to ascertain the payments of about $22.6 billion oil blocs from application fees, royalties, signature bonuses and other fees by oil companies.