Tag Archives: oil industry

Evaluation of Corruption and Conflict in Nigerian Oil Industry: Imperative for Sustainable Development (Published)

Not only can corruption keep African states in cycles of violence by funding armed groups and criminal networks, it can also prevent the development of effective institutions of governance. When money and resources are diverted by corrupt African officials to private accounts and businesses instead of being channeled to inclusive citizen’s needs, the clock turns back on social and economic development. This, in turn, can create further instability. In these ways, corruption, conflict and sustainable development are linked. Since its return to civil rule in May 1999, the country, especially the oil producing Niger Delta region, has drifted from one violent conflict to another, often with devastating consequences on human life and socio-economic development. Most analysts blame this violence on the many injustices perpetrated by the central authorities (especially the inadequacies of the current revenue sharing formula that denies oil bearing states their dues). The paper examines the relationship between corruption in oil sector, conflict and sustainable development and was anchored on resource curse theory. This study recommends amongst others that the award of oil block, contract, and licensing and production right should follow due process and transparent process. Also that the awarding of oil block to individuals should be discourage rather they should be awarded to corporate entities with wide spread ownership.

Keywords: Conflict, Corruption, Development, Violence, oil industry

Evaluation of Corruption and Conflict in Nigerian Oil Industry: Imperative for Sustainable Development (Published)

Not only can corruption keep African states in cycles of violence by funding armed groups and criminal networks, it can also prevent the development of effective institutions of governance. When money and resources are diverted by corrupt African officials to private accounts and businesses instead of being channeled to inclusive citizen’s needs, the clock turns back on social and economic development. This, in turn, can create further instability. In these ways, corruption, conflict and sustainable development are linked. Since its return to civil rule in May 1999, the country, especially the oil producing Niger Delta region, has drifted from one violent conflict to another, often with devastating consequences on human life and socio-economic development. Most analysts blame this violence on the many injustices perpetrated by the central authorities (especially the inadequacies of the current revenue sharing formula that denies oil bearing states their dues). The paper examines the relationship between corruption in oil sector, conflict and sustainable development and was anchored on resource curse theory. This study recommends amongst others that the award of oil block, contract, and licensing and production right should follow due process and transparent process. Also that the awarding of oil block to individuals should be discourage rather they should be awarded to corporate entities with wide spread ownership.

Keywords: Conflict, Corruption, Development, Violence, oil industry

REWRITING CONCESSIONS AGREEMENT: NIGERIAN VIEWPOINT (Published)

This article examined the relevant legal provisions that regulate concession Agreements in the exploitation of Petroleum in the Nigerian Oil Industry. It is important to point out right from the onset that concession agreements from the basis upon which joint venture and memorandum of understanding arrangements are entered into between the Federal Government and Concession holders. In its lucid preparation text books, case law, reported and unreported, internet materials were consulted. The position envisaged that concession agreements are common with countries involved in the upstream activities in the oil industry. Usually, the concession holders are involved in key activities such as exploration, prospecting, and production in commercial quantities of petroleum.

Keywords: Exploration, Petroleum, concessions agreement, oil industry, prospecting, upstream activities