✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

FG urged to restore Atala marginal oil fields to Bayelsa

Relevant federal government agencies in the oil sector have been urged to implement a Senate’s resolution to return Atala Marginal Fields to Bayelsa State. The…

Relevant federal government agencies in the oil sector have been urged to implement a Senate’s resolution to return Atala Marginal Fields to Bayelsa State.

The member representing Sagbama/Ekremor Federal Constituency of Bayelsa State in the House of Representatives, Fred Agbedi (PDP, Bayelsa) made the call while addressing journalists at the National Assembly yesterday.

He also called for the prosecution of the oil company operating the marginal fields because it allegedly acquired the fields fraudulently adding that the allocation of the oil bloc to the private company in 2021 was an injustice to the people.

Agbedi said the Atala Marginal Field was allocated to Bayelsa State government and was managed by Bayelsa Oil Company. 

FG revives Ajaokuta steel company with $400m, to create 500,000 jobs

FG urged to restore Atala marginal oil fields to Bayelsa

He however informed that, sometime in 2021, they got to know that Atala Marginal Fields had been reallocated to another company. 

He said, “Bayelsa and the Ijaw nation and my federal constituency rose in protest against it. Mr President some time ago also ordered that 10 of such marginal fields that were allocated to the states, should be returned back to the states. Nine were returned. 

“Only Bayelsa Atala Farms was not returned and this was what caused the Bayelsa government, the Bayelsa Oil Company and our investors to petition to the Senate Committee on Petition and Ethics. 

“Even within the hearing period, Mr President further ordered that these blocs be returned to the Bayelsa State government, the owners of the oil bloc. 

“This had not happened until the Senate finally, last week had resolved through proper investigation and hearings found out that all the issues canvassed as to purchase, as to sales, and as to ownership by the new company, Halkin Oil was fraudulent.”

The lawmaker described the issue of the Atala field dispute as a sore narrative in the history of the oil industry in Nigeria.

 

LEARN AFFILIATE MARKETING: Learn How to Make Money with Expertnaire Affiliate Marketing Using the Simple 3-Step Method Explained to earn $500-$1000 Per Month.
Click here to learn more.

VAMAZON KDP PUBLISHING: Make $1000-$5000+ Monthly Selling Books On Amazon Even If You Are Not A Writer! Using Your Mobile Phone or Laptop.
Click here to learn more.

GHOSTWRITING SERVICES: Learn How to Make Money As a Ghostwriter $1000 or more monthly: Insider Tips to Get Started. Click here to learn more.
Click here to learn more.

SECRET OF EARNING IN CRYPTO: Discover the Secrets of Earning $100 - $2000 Every Week With Crypto & DeFi Jobs.
Click here to learn more.