BREAKING!! Federal Government REVOKES Shell’s LICENSE For Oil Mining Lease In Ogoni Land
The government of President Buhari has Revoked the licence for the operatorship of Oil Mining Lease 11 in Ogoni land granted to Shell Petroleum Development Company (SPDC).
The federal government ordered that the licence be transferred to the Nigerian National Petroleum Corporation (NNPC) and its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC). According to the memo signed by the chief of staff to President Muhammadu Buhari, the NNPC and the NPDC were directed to take over the operatorship of the entire asset, Leadership reports.
The presidency stated in the memo that the entire OML 11 should be taken over by NNPC/NPDC not later than April 30, 2019. The presidency also directed NNPC/NPDC to confirm by May 2, 2019 of the assumption of the operatorship.
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