OPL 245 Scam: Nigeria lost $10bn – Global Witness

Government is putting to­gether water-tight evidence for the prosecution of Ni­gerians and international oil giants Eni and Shell, over the controver­sial OPL 245 Production Sharing Contract scam.

This decision was reached shortly after the Malian Palace of Justice in Italy, commenced the prosecution of the two oil giants following damning evidence un­earthed by Simon Taylor, found­ing director of an anti-corruption group, Global Witness.

Taylor’s Global Witness, and several media houses have for years conducted extensive investigation into the oil deal, even when the Ni­gerian government seemed unwill­ing to do so.

With the exception of the Ni­gerian Extractive Industries and Transparency Initiative (NEI­TI) that remained the lone pub­lic institution bringing up series of scams in the nation’s oil and extrac­tive industries, every other public institution, including the Nigeria National Petroleum Corporation (NNPC), have kept sealed lips, giv­ing the impression of complicity.

The Malabu deal exposed two international oil and gas giants, Royal Dutch Shell and Italian Ag­ip-Eni, which allegedly paid about $1.1 billion to Chief Dan Etete, a former Nigerian petroleum min­ister, who had previously been convicted of money laundering in France.

Incidentally, the Whistle blow­ers said the amount lost by Nige­rian in the deal is well in excess of $10 billion.

Eni CEO, Claudio Descalzi and four ex-Shell managers, in­cluding former Shell Foundation Chairman, Malcolm Brinded, are on trial over the scam in far-away Italy.

Two men named in the case – Emeka Obi, a Nigerian consultant in England, and Gianluca Di Nar­do, an Italian, according to inves­tigations by Global Witness, stood as middlemen in the deal that en­sured the transfer of the funds through international bank ac­counts. These men have already been convicted over the deal.

Yesterday in Abuja, the repre­sentatives of Global Witness led by Mr Barnabas pace; the Head of Public Relations Department of the Economic and Financial Crimes Commission, Osita Waja (who represented chairman of the com­mission); Chief Oko Obno-Obla, chairman of the Presidential Com­mittee on the Recovery of Public Property; Chief Orji Ogbonnaya Orji of NEITI; Hon. Kayode Ol­adele, Chairman of the House Committee on Anti-Corruption, and Mr. Garba Abari, Director-General of the National Orienta­tion Agency (NOA), held a session where they compared notes on the OPL 245 scam.

They agreed that Nigeria nev­er got a fair deal in the Production Sharing Agreements (PSA) it en­tered into with foreign oil compa­nies.

Dr. Orji in particular, lamented that all the red flags raised by NEI­TI were treated with levity by the government due to suspected pri­vate interests.

Waja and Obno-Obla said the only way out is for government to vigorously pursue justice in areas where economic fraud had been noticed, which is why Obno-Obla stressed that his panel had seized several property suspected to have been acquired with proceeds of corruption.

Hon. Oladele on his part said the House is surprised that after it recommended the cancellation of the sale of OPL 245, government is yet to do so.

“I therefore reiterate the stance of the parliament, that Nigerian government must ur­gently review the OPL contract agreement, especially consid­ering new discoveries that have provided further insight into the rip-off,” he stressed.

Be the first to comment

Leave a Reply

%d bloggers like this: