The Thread: Was the Malabu oil well actually sold for the right amount?

Social media has experienced a bit of an uproar today over new revelations about the Malabu oil deal. President Goodluck Jonathan and Etete have been taking hits for being ‘fantastically corrupt’. Arguments have raged over the fraudulence of selling off a 500BN oil well for a paltry sum of 1.3 BN. Figures are all in dollars.

Fortunately, Dolapo Oni,  an upstream, midstream & downstream segments of the Oil & Gas Industry, Power, Fertilisers, Renewable Energy, Natural Resources and Mining, Ratings & Research Analyst has cleared up the confusion.

The Malabu Oil well was priced just right. It is the people who made away with the money we should be dragging.

[Read Also]: “The Thread: Nigerians react to GEJ-Malabu Oil Scandal”

Do see details below:

Thank you.

[In Case You Missed It]: “The Explainer: What exactly is the Malabu oil Controversy and How Did it Come to Be”?

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