Lagos - The on-going transaction over the sale of Shell’s assets worth $3 billion is under probe by both the Department of State Security (DSS) and the Economic and Financial Crimes Commission (EFCC).
The probe, which a statutory requirement before the transaction can be consummated also covers all the preferred and reserved bidders in the deal, reports New Telegraph.
The on-going probe is one of the reasons delaying the announcement of winners and reserved bidders in the deal.
Shell is divesting 30 percent of the four blocks, along with the sale of 10 percent from Total and five percent from Eni.
Read more at New Telegraph.
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