Imported User:
The Senate, yesterday, resolved to investigate all issues relating to the $1.O9 billion sale of the contentious Oil bloc “OPL 245” popularly called the Malabu Oil well.
The senate’s decision to investigate the sale was sequel to a motion sponsored by Senator Abdul Ningi, who described as disturbing the intense media attention surrounding the tripartite transaction involving the Federal Government, Shell/Agip and Malabu Oil Gas Limited.
The debate over the motion became heated as senators were divided over whether the investigation should be conducted by an ad hoc committee or by a standing committee.
In his lead debate, Senator Abdul Ningi, said the senate was “disturbed by the intense media attention the tripartite transaction involving the Federal Government, Shell/Agip; and Malabu Oil and Gas Limited in respect of Oil Bloc referred to as OPL 245 was attracting to the effect that the Federal Government was purported to have soldl OPL 245 to Shell/Agip Consortium in the sum of $1,092 billion.
