São Tomé and Nigeria: Inquiry finds lack of transparency and serious flaws in oil licensing round
Article from: OGEL 1 (2006), in Good Governance
Introduction
The International Publish What You Pay Coalition (PWYP) and its partner organizations in São Tomé and Principe and Nigeria are extremely concerned about serious flaws revealed by a report into the 2005 bidding round for oil blocks in the Joint Development Zone (JDZ). The end result appears to be substantial revenue losses, to the detriment of the people of both São Tomé and Principe and Nigeria. An inquiry commissioned by the Attorney General's Office of São Tomé has concluded that the bidding process was 'subject to serious ...