The Petitioner, Media Practitioners in Oil and Gas Producing Areas of Nigeria, had written a petition to the Committee against the NNPCL to justify the financial inflow and outflow of the Project Monitoring Office, Inter Atlas Synergy Limited and the reason for dollarizing a local contract, against the CBN Act, in the Pipeline Surveillance Contract in the Western, Eastern and Central Corridors of the Niger Delta Region, as awarded by the NNPCL at the cost of over Sixty Million US Dollars.
Counsel to the 2nd Respondent, Dr. Blessing Agbomhere in his filed address argued that his client, a reputable modern security company has the freedom to enter into contract, so long as such contract does not contradict public policy and also has the right to receive payment of such contract with United States of America Dollars, Crude Oil or even cowries, relying on the cases of Edun v. Federal Republic of Nigeria, P&ID v. Federal Republic of Nigeria and Teju Investment and Property Co. Ltd v. Subair, while insisting that rather than being petitioned, Inter Atlas Synergy Limited should be applauded for its contributions towards increasing crude oil production in Nigeria.
