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Reps query sale of OML 29 by Shell

28 May 2014, 11:03

Abuja - The House of Representatives on Tuesday queried the alleged sale of Oil Mining Lease 29 and others by Shell Petroleum Development Company.

In a resolution in Abuja, the House directed an ad-hoc committee to investigate the action of Shell within two weeks.

The resolution came after a motion moved by Alphonsus Gerald.

The motion had indicated that the sale contravened Item 12(1) of the First Schedule to the Petroleum Act.

Gerald said the law “stipulates that 10 years after the grant of an OML, one-half of the area of the lease shall be relinquished to the Federal Government.”

He informed the House that in the case of OML19, SPDC had possessed it for over 52 years without relinquishing one-half of the area to the government in compliance with the law.

He alleged that aside OML29, the oil company had sold others “in direct contravention of the Act and undermines national interest.”

The lawmaker added that Shell and other oil majors hid under the cover of waivers granted by the Minister of Petroleum Resources under the Act to sell Oil Mining Leases.

The House passed the motion in a unanimous voice vote at the session presided over by the Speaker, Aminu Tambuwal.

-     NAN

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