The Ogoni Liberation Initiative (OLI) has raised serious allegations that a $300 million compensation fund meant for Ogoni communities in Rivers State has been diverted. The group is now calling on President Bola Tinubu to investigate and recover the missing funds.
According to OLI’s President/CEO, Douglas Fabeke, the Nigerian National Petroleum Company Limited (NNPCL), under former GMD Mele Kyari, released the compensation for Oil Mining Lease (OML) 11. However, Fabeke claims the previous Rivers State Government and some individuals posing as Ogoni representatives misappropriated the money without any tangible projects to show for it.
Fabeke further accused the Hydrocarbon Pollution Remediation Project (HYPREP) of mismanaging $1 billion meant for Ogoni land cleanup. He cited failed water projects worth over N27 billion, with tests confirming the water remains unsafe for drinking.
OLI is demanding full accountability from NNPCL and the Rivers State Government, including a forensic audit of HYPREP’s spending. The group has urged Tinubu to order an independent probe to ensure justice for the Ogoni people.
With growing distrust in past administrations, OLI expressed hope that Tinubu’s government will ensure transparency and proper utilization of funds meant for Ogoni’s development. (The Sun)
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