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NNPC Denies Links With Alleged Indian $25m Oil Block Transaction

The Nigerian National Petroleum Corporation (NNPC) is dissociating itself from the failed bid of Indian company, Oil and Natural Gas Corp-Mittal Energy Limited, to acquire oil block. A statement by NNPC’s group general manager, in charge of Public Affairs, Mr Ohi Alegbe on Tuesday described the alleged non-refund of the signature bonus to the company by NNPC […]

NNPC Denies Links With Alleged Indian $25m Oil Block Transaction
  • The Nigerian National Petroleum Corporation (NNPC) is dissociating itself from the failed bid of Indian company, Oil and Natural Gas Corp-Mittal Energy Limited, to acquire oil block.
  • A statement by NNPC’s group general manager, in charge of Public Affairs, Mr Ohi Alegbe on Tuesday described the alleged non-refund of the signature bonus to the company by NNPC in 2006/2007 as spurious and misleading .
  • It said the reports linking the corporation with the transaction showed a high level of ignorance on the running of oil and gas industry in Nigeria.
  • According to the statement, NNPC was not the statutory body saddled with the responsibility of organising bid rounds and could not have received the alleged $25million or any payment from OMEL for the transaction.
  • It said the deliberate attempt to drag NNPC into the various allegations surrounding the transaction was mischievous and unfortunate.
  • The statement urged those interested in the story to seek clarification with the relevant agencies responsible for conducting bid rounds and to whom OMEL might have paid the alleged fee.




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