The Indian High Commissioner to Nigeria, Ajjampur R. Ghanashyam, has revealed the former Minister of Petroleum Resources, Mrs Diezani Allison Madueke, failed to sign a long-term agreement with New Delhi, Nigeria’s Number One oil buyer, but rather used intermediaries in the annual $15 billion deal.
The High Commissioner stated that Nigeria is the only country who uses intermediaries in its oil deals with India,Instead of Signing Long-Term Agreement ,she delayed Approval of Oil Concession After Receiving $25 Million Signature Bonus
India is now Nigeria’s number one crude buyer, an importation that grosses $15 billion yearly.Ghanashyam told Daily Trust.