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🇳🇬 Shell Approves $2 Billion Offshore Gas Project in Nigeria — A Major Boost for the Nation’s Energy Future

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Global energy giant Shell Petroleum Development Company (SPDC) , in collaboration with Sunlink Energies , has officially approved the development of a new $2 billion offshore gas project in Nigeria. This project, named the HI Gas Field Development , is a landmark step in reviving Nigeria’s oil and gas fortunes and a strong signal of renewed investor confidence in Africa’s largest energy producer. 🔹 A Bold Step in the Offshore Frontier The HI gas field, located in Oil Mining Lease (OML 144) roughly 50 kilometers offshore the Niger Delta coast, is expected to produce about 350 million standard cubic feet of gas per day at peak capacity. Shell holds a 40% stake in the project, while its partner Sunlink Energies retains 60% . The gas will be supplied primarily to Nigeria LNG (NLNG) and other domestic offtakers, helping to meet Nigeria’s rising energy demand. According to project details released by Shell on Monday, the development will include a combination of subsea wells , of...
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Obasanjo’s In-law Bags Seven-Year Imprisonment For Forgery

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Dr John Abebe, the in-law to the former President, Olusegun Obasanjo, has bagged seven years imprisonment for forgery and laundering.

Abebe was sentenced after it was established that the prosecution proved its case beyond reasonable doubt. The Economic and Financial Crimes Commission (EFCC) arraigned Abebe, who is a younger brother to the late former First Lady, Stella Obasanjo for forgery.

Abebe was first arraigned on July 26, 2018 on a four-count charge of forgery, fabricating evidence, using fabricated evidence and attempt to pervert the course of justice before the Special Offences Court in Ikeja. An oil company, Statoil Nigeria Limited had on June 22, 2010, accused Dr Abebe of forgery.

Statoil Nigeria Limited had alleged that the defendant forged parts of a Net Profit Interest Agreement (NPIA) dated November 30, 1995, which was drafted by British Petroleum (BP).

It was alleged that he “knowingly forged” a November 30, 1995 letter written by BP Exploration Nigeria Limited to Inducon (Nigeria) Limited. The businessman is accused of “illegally inserting” into page 2 of the said letter “the following statement: “Also note that the ‘Buy-Out Option’ only applies to the pre-production stage of the NPIA. The $4m buy-out is thus irrelevant from production of oil in any of our fields.”

According to the EFCC, Dr. Abebe also attempted to “pervert the course of justice” by tendering the allegedly forged November 30, 1995 letter “as a fabricated evidence” in court, in Suit No. FHC/L/CS/224/2010 between Dr. John Abebe, Inducon Nigeria Limited and Statoil Nigeria Limited.

Justice Mojisola Dada who convicted Abebe over the offence, gave the convict an option of fine of N50million to be paid within 30days in lieu of imprisonment.

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