Revealed! Kola Abiola, Wale Tinubu, Dantata, Sahara Energy, Emeka Offor Are Among Owners Of Expired Oil Block Licenses
“Nigerian billionaires, international oil companies and other operators have been identified as owners of the 49 oil block licences some of which expired since 2010.” Is how Punch started the interesting report. And continues “Our correspondent gathered that nine Oil Mining Leases (six of which are currently producing) and 40 Oil Prospecting Licences, many of which were awarded during the administration of President Olusegun Obasanjo, had expired. OPL 204, owned by Africoil & Marketing Company Limited, expired in 2010, and OPLs 236 while 244 operated by Mr. Wale Tinubu’s Oando Plc and Nigeria Agip Exploration respectively expired in 2011. Similarly, OPL 320, operated by billionaire Prince Arthur Eze’s Oranto Petroleum Limited, expired in 2012. The Department of Petroleum Resources said the owners applied for extension to compensate for the time lost to militancy and insecurity in the Niger Delta, and the request had been forwarded to the minister. The process of renewin