President Bola Tinubu has reportedly facilitated the return of ownership of OPL 245, a deepwater oilfield, to European oil majors Eni and Shell, potentially ending a prolonged corruption inquiry. The deal involves Eni transferring onshore assets to Oando, run by Tinubu's nephew, Wale Tinubu.
The President's alleged personal interest in the deal has raised concerns about prioritizing personal gains over national benefits.
The transaction, valued at around $500 million, significantly boosted Oando's oil reserves. However, the Nigerian National Petroleum Corporation (NNPC) distanced itself from the deal, expressing concerns about procedural breaches. Critics fear the agreement may entangle Nigeria in another international corruption scandal.
Tinubu's handling of the OPL-245 ownership has sparked controversy, shedding light on his past controversies and raising questions about his commitment to combating corruption.
