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“We regret to inform you that His Excellency, the minister of petroleum resources has declined his consent to the transaction. He referred to the section that said the transaction was between parties who were not privy to the joint operating agreement between the NNPC and the MPNU dated June 28, 1990 — and that it does not trigger any relevant rights or obligations under the JOA for either NNPC or MPNU.
“Be advised that even if the transaction in question were between parties who are not privy to the JOA, MPNU remains the leaseholder of the assets subject to the transaction and the focal point of contact with the federal government of Nigeria on any matter or dealings with the assets.”In addition, Komolafe said the overriding national interest would always be the compass of the law.