US EditionNigeria: OPL 245 - Govt Tackles Atiku, Defends Deal As Landmark Resolution
The Nigerian government cites a 2025 Court of Appeal ruling and arbitration outcomes to affirm lawful resolution of OPL 245, enabling projected production of 150,000 barrels daily.
- On Wednesday, Attorney-General of the Federation Prince Lateef Fagbemi refuted former Vice President Atiku Abubakar's claims regarding the OPL 245 dispute resolution, describing the criticism as trivializing a "landmark achievement" by President Bola Ahmed Tinubu's administration.
- Located about 150 kilometres offshore, OPL 245 remained undeveloped for nearly three decades due to legal disputes before the administration's intervention, which now paves the way for production of about 150,000 barrels per day.
- Citing a 2025 Court of Appeal judgment, the government noted the court dismissed Malabu Oil's challenge to the allocation as statute-barred, while clarifying that arbitration proceedings focused strictly on treaty obligations rather than ownership disputes.
- Atiku claimed it was "troubling" that Malabu was excluded from negotiations, calling the process "recklessness," but the Attorney-General stressed that those currently claiming interest did not participate in the original ICSID proceedings.
- The government urged Nigerians to disregard attempts to undermine the resolution, insisting that developing OPL 245 will unlock significant economic benefits, boost investor confidence, and enhance national revenue.
17 Articles
17 Articles
Nigeria: OPL 245 - Govt Tackles Atiku, Defends Deal As Landmark Resolution
The Federal Government has dismissed claims by former Vice-President, Atiku Abubakar, over the resolution of disputes surrounding the OPL 245 oil block, describing the criticisms as misleading and contrary to national interest.
AGF defends OPL 245 resolution, projects 150,000bpd output as dispute nears closure
The AGF, Mr Fagbemi, noted that a major turning point came in 2011, when the parties reached an agreement under which Malabu relinquished its interest in the block in exchange for compensation. The post AGF defends OPL 245 resolution, projects 150,000bpd output as dispute nears closure appeared first on Premium Times Nigeria.
OML 245: Nigerian govt replies to Atiku
The Nigerian government has refuted the claim advanced by former Vice President Atiku Abubakar over the Mining Lease OML 245 dispute resolution by President Bola Ahmed Tinubu’s government. The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, disclosed this in a statement on Wednesday. DAILY POST reports that Atiku barely two days ago had insisted that OML 245 dispute persist despite Nigerian government insistence that …
OPL 245: FG Tackles Atiku, Defends Deal As Landmark Resolution
The Federal Government has dismissed claims by former Vice-President, Atiku Abubakar, over the resolution of disputes surrounding the OPL 245 oil block, describing the criticisms as misleading and contrary to national interest. Referring to a pre-action notice issued by Malabu Oil as proof that the dispute remains unresolved, Atiku had accused the Federal Government of misleading Nigerians. He had warned that excluding a major stakeholder from t…
OPL 245: Your criticism driven by self-serving interests, AGF tackles Atiku
By Ikechukwu Nnochiri ABUJA–The Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, has tackled former Vice President Atiku Abubakar for misrepresenting the recent resolution of disputes associated with the OPL 245 oil block. In a statement he personally signed and made available to newsmen on Wednesday, the AGF said his attention […]
Justice Minister Fagbemi Hails OPL 245 Peace Deal As A Decisive Step Forward For Nigeria
Justice Minister Fagbemi Hails OPL 245 Peace Deal As A Decisive Step Forward For Nigeria The Attorney-General of the Federation and Minister of Justice, Lateef Olayemi Fagbemi, has defended the federal government’s resolution of the long-running disputes surrounding the OPL 245 oil block, describing it as a landmark achievement with far-reaching economic and legal benefits for Nigeria. In a press statement issued on March 25, 2026, Fagbemi fault…
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