The Kaztec/Salvic consortium stated that the Department of Petroleum Resources (DPR) deserved to be commended for doing due diligence and following relevant laws in making them the choice operators of the assets.
Senator Magnus Abe
The lack of investment in the oil field granted to Addax is said to have caused a great loss to the economy, Director, Nigerian National Petroleum Corporation (NNPC), Senator Magnus Abe, has said.
Abe, who was reacting to an online story, said the Department of Petroleum Resources (DPR) was right in its recommendation of a revocation of the mining leases issued to Addax in the national interest.
In the said online story, entitled: “Petroleum Minister, cronies plot kangaroo NNPC report to divert $650 million oil contracts to themselves,” Abe, said the report, was “designed to create the impression of a major scandal and arm twist the Federal Government in the matter concerning the recent attempt to revoke some oil blocks from a foreign company.”
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Magnus Abe denies involvement in alleged $650m scam
On
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.
Alleged $650 million scam: Who is deceiving the President? [opinion] vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.