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Home News

Senate probes Shell over  alleged JV agreement  violation, wants $200m refunded to govt

June 23, 2022
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The Senate, on Wednesday at plenary constituted an Ad Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over non-compliance with the Petroleum Act and violation  of Joint Venture Agreement entered into with the Federal Government.

The Ad Hoc committee was mandated to investigate  the Oil Mining Lease granted to SPDC between 1959 to 1989, and 1989 to 2019 under the SPDC and NNPC Joint Venture agreement.

The  committee, constituted by the Senate President…

Read the full article here.

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