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Magnus Abe denies involvement in alleged $650m scam
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Magnus Abe
A member of Nigerian National Petroleum Corporation, NNPC, board, Senator Magnus Abe, Thursday, denied his alleged involvement in a $650 million oil contract scam, insisting that it only exists in the imagination of those interested in ripping Nigeria off.
Abe in a statement noted that the report was designed to create the impression of a major scandal and arm twist the Federal Government in the recent attempt to revoke some oil blocks from a foreign company, Addax Petroleum.
The Abe-led presidential inter-ministerial committee recently submitted a report to FG on the abandoned $1 billion Kaztec Engineering Limited (KEL) fabrication yard, located in Ilase village, Snake Island, Amuwo-Odofin LGA, Lagos State.
By Peter Uzoho
A member of the Board of the Nigerian National Petroleum Corporation (NNPC) and former federal lawmaker, Senator Magnus Abe, yesterday debunked his alleged involvement in a so-called $650 million oil contract scam, insisting that it only existed in the imagination of those interested in ripping Nigeria off.
Abe, who insisted that he would continue to defend the country’s interest, was reacting to a report (not by THISDAY) titled: “Petroleum Minister, Cronies Plot Kangaroo NNPC Report to Divert $650 million Oil Contracts to Themselves.”
In a statement he personally signed, Abe noted that the report was designed to create the impression of a major scandal and armtwist the federal government in the recent attempt to revoke some oil blocks from a foreign company, Addax Petroleum.
Examining Addax Lease Revocation, Restoration thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
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