2007 Bid Round: How FG Generated $615m

The 2007 oil licensing round held last Friday in Abuja has fetched the Federal Government $615.452 million in the form of signature bonuses to be paid by the winning companies that participated in the bidding conference. A report of the revenue generated from the bid round which was obtained exclusively by THISDAY, showed that of the $615 million, 50 per cent, representing $351.536 million of the ...

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COMMENTS [total: 3]

• Let him sell and get over 10 billion dollars for us we are not intrested any legitimate government that comes after him will r...
• SOMETHING SEEMS FISHY The timing of this bidding is suspect.The new administration will surely revoke the bidd...
• President Obasanjo is doing a last minute looting with this oil blocks bidding. He is more concerned with oilblock allocation ...