The Department of Petroleum Resources (DPR) has withdrawn five Oil Mining Licences (OML) and one Oil Prospecting Licence (OPL) belonging to five companies.
In a notice issued on Thursday, the revocation was based on a presidential directive to “recover legacy debts” owed by the companies operating the licences.
The five companies affected are Pan Ocean Oil Corporation (OML 98); Allied Energy Resources Nigeria (OML 120 and 121); Express Petroleum and Gas Company (OML 108); Cavendish Petroleum Nigeria (OML 110) and Summit Oil International (OPL 206).
Summit Oil is owned by the late Chief M.K.O. Abiola Family.
Pan Ocean Oil is owned by Dr. Festus A Fadeyi, the billionaire Oil Mogul who’s children went online and exposed his relationship with Popular on air personality Toke Makinwa, who they begged to leave their father alone as he is heavily in debt bankrolling her fabulous lifestyle.
ALSO READ: Spend His Money And Run Away – Toke Makinwa Advices Women Being Wooed By Married Men
A single mother of two, Sandra Okpara, has received a refund of N1,640,200 after she…
The sexual offence case involving Nigerian dancer Poco Lee is still ongoing in the United…
Bamanga Tukur, former national chairman of the Peoples Democratic Party (PDP), has died at the…
A 36-year-old woman arrested in Anambra State over allegations of sexually abusing her daughters has…
Grammy-winning rapper Lil Durk has been cleared of charges that he orchestrated a murder-for-hire attack…
Former Kogi West senator Dino Melaye has warned the Economic and Financial Crimes Commission (EFCC)…