Acquisition of Shell’s equity in OML 11 height of resource control, Wike declares | The Guardian Nigeria News - Nigeria and World News

📆 2019/12/04 14:57:00
📰 GuardianNigeria

⏱ Reading Time:
28 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 94%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

“This government’s strategic investment was also aimed at promoting the interest of host communities and ensuring peace for the operation of the oil facility.”

He explained that the investment in the oil bloc was geared towards ensuring that the communities in the state get the best from the acquisition of OML 11.

“The Rivers State Government wants the interest of our state to be protected. Whoever is coming to take over will have the interest of the communities protected. When the communities are part owners of OML 11, there will be peace. But some people sit down and engage in unnecessary propaganda,” he added.

He explained that the Rivers State Government acquired Shell’s equity after the High Court of Rivers state ordered the sale of its stakes already attached as part of the enforcement of the court judgment initiated by the Ebubu Community.

Write Comment

Hope this will reduce unemployment in the state!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘How Vodafone lost huge market opportunities in Nigeria’ | The Guardian Nigeria News - Nigeria and World NewsUnited Kingdom’s telecommunications firm, Vodafone, was said to have lost the Nigerian market because it not only underrated, but also under-estimated its potential opportunities.
Source: GuardianNigeria - 🏆 1. / 94 Read more »