The experts are therefore contemplating, among other measures, on petitioning the Parliamentary Committee on Mines and Energy to institute a probe into the finances of GNPC to ascertain how the oil proceeds have been disbursed.
“How can an oil company that has provided $550 million to set up a regasification plant and another $100
million for KarPower barge, will all of a sudden be pronounced as so broke that it cannot help itself discover oil through spending less than $50 million”, an
expert speaking on condition of anonymity quizzed.
When told that it is Mr. Felix Addo, the Chairman of the Corporation’s Board of Directors who is suggesting that GNPC is broke; the source became furious and
said: “If you don’t trust me, go and ask the President who brought him here to explain. I know John (the President) or Alex will tell you the truth that we are
Therefore, the decision to turn around at the closure of the process, under the excuse of 'no money' will be enough justification for the international companies to sue GNPC for deceit."
Industry watchers are expecting dangerous times for GNPC in the coming days.
Last edited by MherlynEmhr3z on Wed May 25, 2016 3:53 pm; edited 1 time in total (Reason for editing : Using a website as a reference)