The projects includes the Brass Fertilizer and Petrochemical Company Limited, the Atlantic International Refinery & Petrochemical Limited, as well as the Brass Petroleum Product Terminal Limited. Recall, that DAILY POST reported recently that the House of Representative Committee on Local Content, led by its chairman, Boma Goodhead, launched a probe into the alleged payment of the sum of $35 million, with 40 per cent equity, to a company with a registration value of N10 million.
' Sunny-Goli pointed out that the Brass Fertilizer and Petrochemical Company Limited was a project conceived to establish two trains of 5,000MTPD methanol plants and one train of 500MMscf per day processing plant and associated infrastructure to be sited in Odiama, Brass Island, Bayelsa State, with a total NCDMB equity contribution for this project is $200m. “With an initial payment of $20m made in May, 2021, and an annual payment of $60m over the period of 3 years.
EFCC NCDMB Wabote
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