A Nigerian senate committee has alleged the Ministry of State of Petroleum Resources is running an illegal rebate scheme revolving around the renewal of the country’s oil and gas leases, a practice which has cost the government at least NGN 10 billion (US$36.5 million) in revenue. The Committee on Petroleum Resources Upstream was told to investigate the lease renewal process and to report back to the senate.Sen. Omotayo Alasoadura and three other senators claimed......
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