Diezani Alison-Madueke tells her own side of the story

chika ebuzor 03:54 - 03 September 2015

Adding that she was not the minister of petroleum, in 2006, when the Indian companies entered into an agreement with the Federal Government.

The former minister of petroleum resources Mrs. Diezani Alison Madueke, has, through her lawyers, Messers Chike Obi, refuted claims that she deliberately hindered the signing of a $15b oil deal with two Indian firms.

According to Sun Newspapers, Madueke said that the allegation was spurious, false and lacking in substance.

According to Sun Newspapers reports, she said "he High Commissioner’s acrimony towards her was due to the Federal Government’s refusal to allow an Indian firm, Oil and Gas Commission Videsh Limited (OVL), default on its contractual obligation to provide a $6 billion investment, (around RS 36,600 rupies) in an 180,000 barrels (bpd) Greenfield refinery and 2,000 megawatt power plant and railway line from East to West of Nigeria."

You will recall that the Indian High Commissioner to Nigeria, Mr. Ajjampur R. Ghanashyam, accused Mrs. Diezani Alison Madueke of delaying the approval of oil concession to two Indian companies, Oil and Gas Commission Videsh Limited (OVL) and Mittal Energy International JV, OMEL (MITTAL) in 2006.