Aminat Isah, Abuja
The Federal Government through the Department of Petroleum Resources (DPR) has revoked five oil mining licences (OML) and one oil prospecting licences (OPL) belonging to five companies, among them, Summit Oil, a company established by the late MKO Abiola.
The revocation is coming barely 6 days to June 12 when his annulled acclaimed presidential victory will be marked nationwide as Democracy Day was contained in a public notice issued by the regulatory body on Thursday.
According to DPR the revocation was based on a presidential directive to “recover legacy debts” owed by the companies operating the licences.
The five companies affected are; Pan Ocean Oil Corporation (OML 98); Allied Energy Resources Nigeria, (OML 120 and 121); Express Petroleum and Gas Company (OML 108); Cavendish Petroleum Nigeria (OML 110) and Summit Oil International (OPL 206).
- Bernard Arnault overtakes Elon Musk, emerges world’s richest
- Fuel Scarcity: Give us petrol at official ex-depot price, lPMAN tasks NNPC
- We have no hands in appointment of VCs– NUC
- World Cup quarter-finals: Morocco vs. Portugal on Saturday
- Adamawa establishes 5 sexual referral centres – Official
- Ukraine’s Volodymyr Zelenskyy named Time’s 2022 Person of the Year
- Gov. Sule approves N1.5bn for upgrading Nasarawa Broadcasting Service– Commissioner
- Why we are detaining D’Banj – ICPC
- Adeleke denies withdrawing N5bn from Osun accounts
- DMO issues 2 FGN savings bonds at N1,000 per unit