Oil fields: Delta/Edo Kingdom Insists on 25% Equity Holding

The Egbema Leaders of Thought (ELOT), has insisted on having 25% equity holding in operations of oil fields in their communities which cut across areas in Delta and Edo states.

By Elo Edremoda, Warri

ELOT, in a paper presented to the Deputy Governor of Delta State, Deacon Kingsley Otuaro, also reiterated their demand for “right of first refusal in the 57 Marginal Fields bidding process.

The paper was signed by ELOT’s President, Edmund Doyah Tiemo, his vice, Joel Bisina and seven others.

Appreciating the deputy governor for efforts so far in  projecting  the interest of the Niger Delta, especially following recent agitations by the people, the group said they want to be carried along in the entire process.

The paper stated that people of the region have since been “marginalised on marginal fields and others similar issues.

“We are interested in the ongoing discussions and would want to be carried along in your delegation. Some of the fields are in our land and our sons and daughters are participating in the bid process. Hence, we want our people to be given preference above others.

“We want to ask that our communities be made partners by way of 25 percent equity holding and also allow host communities the right of first refusal in the bidding process before being thrown open for outsiders.

“This is sure way to peace and prosperity of the communities and the companies. We have suffered continuous adverse consequences from oil production,” the paper stated, citing the “siltation” case of Polobubor (Tsekelewu) community.

[The Nation]

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