India protests as NNPC holds N5.2b oil block cash for 9 years



There is the N5.2billion ($25m) cash paid by an Indian firm for an oil block nine years ago? This is the puzzle security and anti-graft agencies have been trying to unravel since the Indian High Commission’s alleged failure to get back the money.

Three former Group Managing Directors of the Nigerian National Petroleum Corporation (NNPC) and three directors of the Department of Petroleum Resources (DPR) are likely to be quizzed over the matter.

Indian High Commissioner in Nigeria Ajjampur Ghanashyam said he could not secure an appointment to meet with the immediate past Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke on the refund and modalities for the crude oil supply.

Investigation revealed that Oil and Natural Gas Corp-Mittal Energy Limited of India (OMEL) was one of the 12 firms in the controversial 2007 oil blocks bid round.
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The blocks were auctioned on May 12, 2007, about 19 days to the expiration of former President Olusegun Obasanjo’s tenure.

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