The Shell Petroleum Development Company of Nigeria Limited has completed the sale of its 30 percent stake in Oil Mining Lease (OML) 17 in the Niger Delta to TNOG Oil and Gas Limited.
The company said in a statement on Friday that the OML 17 and its associated infrastructure were sold to the company for $533million.
TNOG Oil and Gas is a related company of Heirs Holdings Limited and Transnational Corporation of Nigeria (Transcorp) Plc.
Heirs Holdings Limited and Transcorp are both chaired by Tony Elumelu, who is also the Chairman of United Bank for Africa (UBA) Plc.
The OML 17 has a production capacity of 27,000 barrels of oil equivalent per day.
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AMSTERDAM, Dec 10 (Reuters) - Employees at Royal Dutch Shell’s Nigerian joint venture orchestrated damage to oil pipelines to profit from the money spent on clean-up operations, Dutch investigative TV programme Zembla reported on Thursday.
Employees of Shell Petroleum Development Company of Nigeria (SPDC) recruited local youth to sabotage the pipelines and then hired them back as workers to clean up the mess, the report said, citing research by Dutch environmental group Milieudefensie.
Shell’s SPDC said it investigates all credible reports of misconduct and takes action where needed.
“As of now, we are not aware of any staff or contractor having been involved in acts causing oil spills in the Niger Delta”, it said in a reaction sent to Reuters via Shell’s Dutch head office.
NHIS undergoing reforms to fast track attainment of universal health coverage
There are indications that the ongoing Coronavirus disease (COVID-19) pandemic and the non-passage of the amended National Health Insurance Scheme (NHIS) Act have further slowed down the uptake of health insurance packages and Universal Health Coverage (UHC) in the country.
In fact, The Guardian investigation revealed that more than 170 million Nigerians are still paying out-of-pocket to access medical services and out-of-pocket payments can make households and individuals incur catastrophic health expenditure and this can exacerbate the level of poverty. x
Critics say the NHIS has remained nonfunctional and the coverage rate has dropped from over 10 per cent (5.6 million Nigerians) ten years ago to just barely 1.72 per cent (one million Nigerians) today.
Pipeline protection: Otuasega community demands entitlements from Shell, Agip for landlords Pipeline protection: Otuasega community demands entitlements from Shell, Agip for landlords
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Otuasega Community in Ogbia Local Government Area of Bayelsa State, have set-up an action committee to demand entitlements and royalties for owners of lands hosting pipelines belonging to Shell Petroleum Development Company (SPDC) and Nigerian Agip Oil Company (NAOC).
The Community Development Committee (CDC) Chairman of the Community, Gbanibebi Igbuasi, made this known while inaugurating the committee in Otuasega Town Hall, the Otuasega yesterday.
Mr Igbuasi said that setting up the committee became necessary because of lingering conflicts between contractors of the multinationals and landlords that have in turn forced youths of the community into illicit activities that have become inimical to the growth of the community.