• How Nigeria lost N500bn in Malabu oil deal

    How Nigeria lost N500bn in Malabu oil deal

    According to reports, the House of Representatives yesterday commenced investigation into the award of the the controversial  Oil Prospecting Licence (OPL) 245, better known as Malabu Oil deal.

    The House had by a resolution of January 27 mandated the Razak Atunwa-led Adhoc committee to probe the alleged corruption, malpractice and breach of due process in the award of the licence.

    The 7th House had investigated the matter, but the report of the investigation was not presented.

    Speaking at yesterday’s investigative hearing  by the […]