Someone shared this deep offshore law that @MBuhari signed in London with me . Can u imagine that Agbami , Akpo, Bonga & Erha have not been paying royalty. Juiciest oil blocks. No rent was paid to Nigeria on 4 out of every 10barrels of oil extracted. Loss of big revenue guys 
2. NEITI said failure of authority to review PSC terms as demanded by the law of 1993 , Nigeria lost between $16.03b to $28.61b within 10years (2008 to 2017) Crazy . And we are borrowing money from International lenders since 1994 till date .
3. We lost an average of $2b per year as a result of negligence on the part of authorities then. The new law now assigned responsibilities and sanctions for subsequent reviews. For production from 200m , royalty rate now ranges from 10% when d oil price is below $20
4. When oil sells above $20 , the royalty is now 20% . Nigeria will earn an additional $1.4b per year from the reviewed PSC law. Have u heard any IOCs guys complaining about the law? NO, bcos they know the truth. Focus on the law. This is a win win situation for Nigeria .
5. We lost oo. Imagine when oil was above $100 then, then calculate the amount of royalties that we would have received from IOCs . They said we should not blame our leaders then oo. See the bigger pix of the law guys. Our leaders then should apologize to the nation.
6. The oil majors are laughing at us bcos we love DRAMA instead of focusing on SUBSTANCE. We should be angry that the law was not implemented by our leaders then. They tried to frustrate the amendment of the law but they failed. D nation should call out IOC to pay our money
7. I hope PDP and APC parties will issue a strong statement JOINTLY to call out oil majors . Pay us our royalties. Our local influencers as in Medical Doctors, lawyers, economist, London guy, human right activists, giveaways people should rise up and condemned OIL MAJORS
