The federal government has suspended West African Ventures (WAV) from participating in ongoing and future tenders in Nigeria’s oil and gas industry for violating the Nigerian Oil and Gas Industry Content Development (NOGICD) Act of 2010, better known as the Nigerian Content Act.
The government has also directed ExxonMobil Companies in Nigeria, Chevron Nigeria Limited, Total E&P, Addax Petroleum and Nigerian Agip Oil Company (NAOC) to stop doing business with the company because of their frequent and flagrant disregard of the provisions of the NOGICD Act
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