In a statement addressed to President Buhari, he said: “Our attention has been drawn to the decision of the Federal Government to revoke a number of oil blocks and marginal fields hitherto allocated to a few individuals as well as local and foreign corporate bodies by former military and civilian regimes in Nigeria.“While commending your excellency for the courageous decision, we urge the Federal Government to desist from renewing the remaining licences of other oil block owners in the country.
“By merely collecting huge rents, the oil block owners become stupendously rich while the federal, state and local governments depend on loans and bailout to pay salaries and carry out basic infrastructural development of the country. “Furthermore, the allocation of oil blocks to a few individuals and corporate bodies by the Federal Government constitutes a gross violation of the fundamental rights of the Nigerian people to freedom from discrimination, equal right of access to public property and in the equal enjoyment of the common heritage of mankind as well as the right to social, economic and cultural development guaranteed by articles 2, 13, 22 of the African Charter on Human and Peoples Rights Act.
Source: Law Daily Report (lawdailyreport.net)
vanguardngr Louder 🔈🔉🔊
vanguardngr Elections have come and are going. Financiers of the “winners” may have to be compensated with oil blocks. Losers who backtrack may also be compensated. They have to “recoup” their “investments” or “cash outlays”. I don’t see a change in policy in the offing.
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