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Senate Probes Shell Over Alleged Joint Venture Breach

The Senate, on Wednesday, constituted an Ad-Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over non-compliance with the Petroleum Act and breach of the Joint Venture Agreement entered into with the Federal Government of Nigeria.
The Ad-Hoc committee was mandated to probe the Oil Mining Lease (OML) granted to SPDC between 1959 to 1989, and 1989 to 2019 under the SPDC/NNPC Joint Venture agreement.
The Ad-Hoc Committee, which was constituted by the Senate President, Ahmad Lawan, has Senator Aliyu Sabi Abdullahi representing Niger North, as its chairman.
Other members on the panel include Senators George Thompson Sekibo, Abdullahi Yahaya, Bassey Albert Akpan, Olamilekan Solomon Adeola, Smart Adeyemi and Aishatu Dahiru Ahmed.
Accordingly, the chamber demanded a refund of $200 million (USD) or any amount short of what was paid by SPDC, including penalties and interests under the said lease agreements to the coffers of the Federal Government.
The Senate resolution was reached sequel to consideration and adoption of a motion sponsored by Senator George Thompson Sekibo (PDP, Rivers East).
The motion was entitled, “Non-payment of the Sum of $200,000,000 accruals from the Oil Mining Lease (OML), by Shell Petroleum Development Company of Nigeria Limited under the SPDC/NNPC Joint Venture Agreement and, illegal and unlawful renewal of Oil Mining Leases by the Ministry of Petroleum Resources/Department of Petroleum Resources (DPR) contrary to the provision of paragraph 10 of the First Schedule to the Petroleum Act 1969 (now Section 86(1) and 86(6) of the Petroleum Industry Act 2022.”
Sekibo, in a presentation, observed that the SPDC/NNPC Joint Venture (JV) agreement, in contravention of the provisions of the Petroleum Act 1969, by the defunct Department of Petroleum Resources (DPR) and the Ministry of Petroleum Resources, granted to the SPDC/NNPC a 30-year Oil Mining Lease from 1959 to 1989.
He observed that doing so constituted an illegal extension of the Oil Mining Lease by 10 years in the first instance, instead of the prescribed term of 20 years, without recourse to the provisions of the Petroleum Act 1969 in paragraph 10 of the First Schedule.
According to the lawmaker, “upon the expiration of the initial Oil Mining Lease in 1989, SPDC/NNPC JV, was granted another 30-year Oil Mining Lease again from 1st July 1989 to 30th June, 2019, by the Ministry of Petroleum Resource/DPR instead of the 20 years lease period prescribed by the Petroleum Act, which is contrary to paragraph 10 of the First Schedule to the said Act.”
He disclosed that in the initial additional 10 years Oil Mining Lease of 1969 to 1989, illegally granted to the SPDC/NNPC JV by the Ministry of Petroleum Resources/DPR, the Federal Government lost from fees, taxes, rents and royalties the sum of $120, 000, 000.
He stated that in the second instance of the extra 10 years the Federal Government also lost a further sum of $80,000,000, making total of $200,000,000.
He noted that a loss of $200,000,000, which is equivalent to N83, 130, 000, 000 billion, could have been of great value to the economy of the nation.
He observed that the illegal action by the Ministry of Petroleum Resources/DPR as regards the SPDC/NNPC JV may not be the only non-compliant grant as details of other Joint Venture agreements with: Chevron Nigeria Limited, ENI Joint Venture, EXXON Mobil Upstream JV, Total E & P Nigeria Limited JV, need to be ascertained through a thorough investigation to verify compliance with the provisions of the extant law.
He expressed worry that that the trend of illegal extension of Joint Venture (JV) period from 20 years to 30 years lease period without recourse to the Petroleum Act may have also applied to other Joint Venture agreements with the International Oil Companies (IOCs) and need to be investigated.
Sekibo informed the chamber that SPDC went to Court on the clarity of the lease period and the judgment was not in their favour as regards the additional 10 years lease period in the two instances.
“Regrettably, the court failed to order the SPDC to pay the arrears the 20 years lease period to the tune of $200,000,000 to the Federal Government for the illegal extensions,” he said.
The lawmaker further disclosed that a whistle-blower petitioned the EFCC on the need to recover the sum of $200,000,000 from SPDC for these illegal extensions by the Ministry of Petroleum Resources/DPR and to further investigate all other Joint Venture agreements that involved the aforementioned IOCs.
He noted that the power to make laws for the Federation as vested in the National Assembly by the Constitution also encompasses the power to make laws for the promotion of national prosperity and a dynamic self-reliant economy as provided in section 16(1)(a) of the 1999 Constitution of the Federal Republic of Nigeria as amended.
He emphasised that the Constitution also gives power to each House of the National Assembly to carry out appropriate investigation on observed misapplication of the laws enacted by the National Assembly, as provided in Section 88 of the Constitution.
He stated further that Section 89 of the same Constitution provides the process on how such investigation should be carried out.
Accordingly, the Senate resolved to constitute an Ad-Hoc Committee to investigate the non-compliance with the Petroleum Act and the Oil Mining Lease granted to SPDC between 1959 to 1989, and 1989 to 2019 under the SPDC/NNPC Joint Venture Agreement; and compel SPDC to refund to the Federal Government the sum of $200,000,000 or any amount short of what was paid, including penalties and interests under the said lease agreement.
News
Nigeria Hosts15th African Peering & Interconnection Forum (AfPIF)

Nigeria is set to host the 15th edition of the African Peering & Interconnection Forum (AfPIF) from August 19th to 21st in the city of Lagos.
Over 500 leaders and experts from the global Internet industry will gather in Lagos to examine the current state of Africa’s Internet ecosystem and explore ways to promote infrastructure development, network interconnection, and content hosting. These efforts aim to reduce costs, enhance performance, and strengthen Africa’s digital sovereignty in an increasingly interconnected world.
Participants will include Internet Exchange Points (IXPs), data centers, content delivery networks, cloud services, submarine cable operators, Internet service providers, as well as government representatives, researchers, development agencies, community networks, academia, hardware vendors, and the media.
Hosted at the Lagos Continental Hotel, AfPIF 2025 will focus on the West African region’s policy environment, carrier neutral data center market, and content delivery ecosystem. The programme will feature workshops, keynotes, panel discussions, bilateral meetings, lightning talks, and networking socials to create a dynamic space for networking, knowledge exchange, and business development.
Organised by the African IXP Association (AFIX) with the support of the Internet Society (ISOC) and hosted by the Internet Exchange Point of Nigeria (IXPN), Rack Centre, and AF-CIX, AfPIF provides the African Internet community with a unique platform to address shared challenges and emerging opportunities.
“For over 15 years, AfPIF has united the African Internet community to advance local network interconnection and traffic exchange across the continent. This has spurred investment in data centers, content hosting, and cross-border infrastructure — reducing costs, boosting performance, and broadening access while strengthening Africa’s economic independence and digital sovereignty” said African IXP Association Executive Director, Kyle Spencer. “We look forward to continuing this work in Lagos.”
“This year marks a significant milestone for Africa’s peering and interconnection community and the AfPIF event. It is the first time the AfPIF event is taking place in Africa’s most influential country, Nigeria, and under the new leadership of the African IXP Association. There is no better place to reimagine the future of peering and interconnection for the continent than in Lagos.
“It presents a platform to unlock cross-border infrastructure and traffic exchange across West Africa and a unique opportunity to discuss the east-to-west Africa terrestrial infrastructure gaps that can improve the region’s Internet resilience. We value and remain supportive of the community’s effort to address these and other priorities to advance Africa’s digital future.” said Michuki Mwangi, the Distinguished Technologist for Internet Growth at the Internet Society.
On behalf of the local hosts, Muhammed Rudman, the CEO of IXPN, emphasized their excitement to host AfPIF in Nigeria this year.
“We look forward to welcoming key stakeholders from the peering and interconnectivity ecosystem to Lagos. Together, we can create a dynamic environment that fosters collaboration among African countries, strengthens our Internet ecosystem, and enhances Internet access for underserved and unserved communities,” he said.
News
IHS Nigeria, National Commission for Museums and Monuments Launch Nigeria’s First Digital Museum of Antiquities

IHS Nigeria, part of the IHS Holding Limited (“IHS Towers”) group, one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, and the National Commission for Museums and Monuments (NCMM) are pleased to announce the launch of Nigeria’s first digital museum of antiquities, marking an important step towards digitizing Nigeria’s cultural heritage.
Unveiled today by the Director General of the National Commission for Museums and Monuments, Olugbile Holloway, this landmark initiative represents a significant milestone in modernizing the preservation and promotion of Nigeria’s cultural assets and making them more accessible to a global audience.
The digital museum is the first significant project under the NCMM’s Digital Culture Initiative. Aligned with President Bola Ahmed Tinubu’s Renewed Hope Agenda, the initiative is designed to provide a platform for the exploration and appreciation of Nigeria’s diverse cultural heritage. It also demonstrates the power of public-private sector partnerships and underscores IHS Nigeria’s commitment to sustainability and its role in helping foster cultural preservation and digital education.
Mohamad Darwish, CEO, IHS Nigeria, commented, “Today is a proud moment for us as we see the digital museum come alive. As a company deeply rooted in Nigeria, we are excited to have played a key part in this groundbreaking effort to preserve and promote Nigeria’s cultural heritage, while also making it accessible to people around the world.
“The success of this partnership with the National Commission for Museums and Monuments and the Federal Ministry of Art, Culture, Tourism and the Creative Economy, reinforces our commitment to the innovative use of technology to promote education, transform communities and drive economic growth. I look forward to seeing how this will help evolve the museum culture in Nigeria, as well as appreciation for Nigeria’s rich history globally.”
Hannatu Musawa, Nigeria’s Minister of Art, Culture, Tourism and the Creative Economy, commented, “This historic event marks a transformative milestone in the preservation, promotion, and accessibility of Nigeria’s vast cultural heritage. For the first time, authentic Nigerian antiquities will be showcased in an innovative digital space, making our rich history and artistic expression accessible to audiences both within and beyond our borders. This initiative not only preserves our heritage, but also projects Nigeria’s cultural legacy onto the global stage.
This remarkable achievement would not have been possible without the valuable partnership between the National Commission for Museums and Monuments and IHS Nigeria. Their collaborative vision and commitment to cultural advancement have set a new benchmark for public-private partnerships.
“This partnership exemplifies the power of collective effort in driving innovation, fostering national pride, and enhancing the creative economy. I urge all Nigerians and the international community to embrace this new era of digital cultural engagement, as we continue to celebrate and safeguard our national treasures for generations to come.”
Olugbile Holloway, Director General, National Commission for Museums and Monuments, commented, “The launch of this digital museum represents a groundbreaking idea finally brought to fruition. The vision behind this museum is to make Nigeria’s heritage more accessible to a wider, younger, tech savvy audience. It is our hope that this first iteration of the digital museum will serve as a starting point for building a digital repository of real-life Nigerian antiquities that we will continue to expand over time.
In creating this digital museum, over 200 actual antiquities from our collection at the National Museum Lagos have been 3D scanned and placed in an immersive environment. Each object is also tagged with the relevant educational material to provide viewers with more information on the object being displayed.
I would like to take this opportunity to thank IHS Nigeria for their invaluable partnership and support in bringing this vision to life and look forward to future collaborations to further display Nigeria’s rich cultural heritage to an even broader audience.”
News
RMRDC Urges Investors to Patronise Research Outputs, Embrace Domestic Resource Based Manufacturing

The Raw Material Research and Development Council (RMRDC) is wooing Nigerian investors to patronise its research outputs by embracing domestic resource based manufacturing that would end Nigeria’s industrial dependency.
The RMRDC made at the Nigeria Manufacturing and Equipment/Nigerian Raw Materials (NME/NIRAM) Expo 2025 through its Director Agricultural and Agro Allied Raw Materials Department, Raw Material Research and Development Council (RMRDC), Dr. Sab C. Ebiriekwe, and the Managing Director of Jola Global Industries Limited, Dr. Moses Omojola, who was formerly a director with RMRDC.
They pointed out that the Nigerian manufacturing sector is relying on importation for over 75 per cent of its industrial inputs while about 80 per cent of manufacturing firms in Nigeria are owned by foreigners.
Ebiriekwe said in his presentation titled “Harnessing Local Resources: Enhancing Value Addition Through Innovation in Raw Material Sourcing” that Nigeria is grappling with industrial dependency despite being endowed with vast natural resources, adding that no country industrialises sustainably without local raw material transformation through innovation.
He said that despite the abundance of local raw materials, only 35 per cent of local manufacturers in Nigeria could rely on steady access to local raw materials.
He added that a gap exists between research outcome and practical application as “only 5.0 per cent of research outputs reach commercialisation.”
According to him, Nigeria’s failure to beneficiate and industrialise its raw material is hindering its bid for economic diversification, jobs creation and export competitiveness.
“As value of industrial raw material imported in 2023 was N2.41 trillion; share of imported manufacturing inputs are over 75 per cent and non-oil export is dominated by unprocessed raw/agro products.”
Omojola, who retired as a director with RMRDC, said during the panel session that about 80 per cent of industries in Nigeria are owned by foreigners, especially Asians.
He asked: “How come Nigerians are going into manufacturing? I have lectured in the university and have worked in RMRDC for 25 years but I told myself that it will be disservice to leave RMRDC without taking home one project. And to the glory of God I am today a manufacturer in Ekiti State.”
According to him, manufacturing “is very stressful but more rewarding,” which is the reason Asians are coming to Nigeria? “When I ask my Asian friends why they are in Nigeria they will reply that Nigeria is good. And now that I have started manufacturing, I have known that Nigeria is good,” he said.
Omojola also challenged politicians to invest the money they have made from politics into manufacturing in order to create more jobs in the economy.
“We should be going into resource based industry. I produce vegetable oil. Today, Indonesia and Malaysia cannot bring in vegetable oil into Nigeria because our own price is cheaper than their own. Therefore, no imported vegetable oil can compete with us,” he said.
The Founder of AfricanFarmer Discovery Hub, Mr. AfricanFarmer Mogaji, said that chemical extracted from water leaf had been used to coat mugs by Oluwa Glass in Ondo State.
“That was innovation. But unfortunately, it was not scaled. In Ibadan, the shell of the cashew nut had been used in making brake pads. We can revisit these innovations at Small and Medium Enterprises (SMEs) level,” Mogaji said.
He also urged retire military generals to invest in manufacturing like their counterparts in Malaysia that funded Malaysia’s turn around.
However, the Managing Director of Spectra Industries Limited, Mr. Duro Kuteyi, said that absence of government’s policies that could protect the SMEs is one of the reasons Nigerians are not going into manufacturing.
Kuteyi said: “Unless government will come up with policy the way India is protecting its products and SMEs, it will take time for us to grow.
“I started using Nigerian raw materials to make products like natural cocoa powder that is good for diabetics, hypertension, etc. We also use soya as one of our basic raw materials.
“But as it is currently, SMEs are finding it difficult in the market place where they are competing with multinationals that are ready to kill them and kill them totally.
“A multinationals firm went to the market and offered generators to my customers to stop dealing on my products.”
The Managing Director of FACCO West Africa, Mr. Femi Adelayo, said that wealthy Nigerians should be encouraged to embrace manufacturing rather than buying houses in Dubai.
Adelayo also said that manufacturers should be supported with a holistic robust policy to ensure their survival and enable Nigeria to withstand the emerging global trade dynamics that is being characterised by punitive tariffs.
He appealed to the RMRDC to help his livestock feed manufacturing firm with raw materials that could substitute for maize and soya. He said: “We work in the feed mill industry where we produce livestock feeds. But maize and soya are major challenges. We will like RMRDC to help us to have alternative protein production.”
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