FURORE OVER $260M CONTRACT ON USAN OILFIELD

The last may not have been heard about the controversial award of the $260 million contract on Usan oil field by Esso Exploration and Production Nigeria Limited.
In the latest development on the matter, the Nigerian Content Front (NCF) has called on the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu to cancel $260 million contract, insisting that the award of the contract without open competitive bidding violates Section 16(1) (c) and (d) of the Public Procurement Act (PPA) of 2007 and is punishable under Section 58 (c) of the PPA.

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