On a motion by Senator Solomon Adeola, chairman of the Committee on Local Content, co-sponsored by 18 others, the Senate set up a committee to investigate local content compliance and cost variations on the Egina offshore oil project in OML 130, operated by Total with CNOOC, Petrobras and Sapetro, whose cost had risen from an estimated US$6 billion to US$13 billion and then US$16.352 billion amid petitions alleging fraud and disregard of the Nigerian Oil and Gas Industry Content Development Act 2010. The panel recommended that the project accounts be audited so that Nigeria would not be trapped in "perpetual debt" without benefits from the project.
What the record shows
- 5 December 2017Probe opened.
- As of 11 November 2026No final report of this probe has been found on the public record.
Opened more than 120 days ago, and no final report of the committee has been found on the public record. Interim reports and hearings are shown where known. Know of a report, hearing or outcome missing here? Send a correction.