29th June, 2015
The Executive Chairman,
Economic and Financial Crimes Commission (EFCC),
NO. 5, Fomella Street,
Off adetokunboAdemola Street,
Wuse II,
Abuja
Dear Sir;
REQUEST
TO INVESTIGATE ACT OF ECONOMIC SABOTAGE AND FRAUD REGARDING THE RENEWAL
OF THREE OIL MINING LEASES (OMLs 67, 68 & 70) FOR MOBIL PRODUCING
NIGERIA FOR 600 MILLION US DOLLARS
Civil
Society Network Against Corruption (CSNAC) is a coalition of over
hundred and fifty Anti-corruption organizations whose primary aim is to
constructively combat corruption vigorously and to ensure the effective
monitoring of the various Anti-graft agencies in the fight against
corruption and contribute towards the enthronement of transparency,
accountability, probity and total commitment in the fight to eradicate
corruption in Nigeria.
It
was widely reported in the media sometime ago that the Federal
Government had renewed three Oil Mining Leases (OMLs 67, 68 & 70)
for Mobil Producing Nigeria. However, the details of the terms of the
renewed leases were not disclosed to the press.
It
would be recalled that based on the valuation conducted by the Ministry
of Petroleum Resources, Mobil and the Nigeria National Petroleum
Corporation (NNPC) as equity holders, were required to pay $6.375
billion as 100% of the reserve fee. Mobil’s 40% share in the lease was
fixed at $2.55 billion and a commitment to invest additional sum of $1.2
billion in a refinery and gas infrastructure for the domestic market.
But
Mobil rejected the said terms and paid $600 million for the renewal of
the three oil blocks which have a combined output of 580,000 barrels of
crude oil per day. Curiously, the payment was accepted by the then
Minister of State in the Ministry of Petroleum Resources, Mr. Odein
Ajumogobia, who purportedly signed the deal.
However,
the predecessor of the erstwhile Minister of Petroleum Resources
refused to endorse this questionable and shady transaction. The said
leases were however, renewed for 20 years by the erstwhile Minister of
Petroleum Resources on behalf of the Government of the Federation.
In
the light of the foregoing, and in view of the demand of the Nigerian
people for the transparent management of the oil and gas industry, we
are compelled to request that you investigate this act of economic
sabotage fraud regarding the renewal of the said three Oil Mining Leases
(OMLs 67, 68 & 70) for Mobil Producing Nigeria. More so, that a
Chinese company had offered to pay the difference of $4.85 billion for
30% equity interest in the NNPC-Mobil Joint Venture.
Whilst
we await your expeditious consideration of the issue raised in this
correspondence, please accept the assurances of our esteemed regards.
Olanrewaju Suraju
Chairman
“A rich man without charity is a rogue; and perhaps it would be no difficult matter to prove that he is also a fool”. - Henry Fielding
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