Nigerian Petroleum Development Company,

Department of Petroleum Resources-DPR has handed over the Oil Mining Licence-OML Ninety-Eight to Nigerian Petroleum Development Company, a subsidiary of Nigerian National Petroleum Corporation-NNPC.

The Director DPR, Mr. Sarki Auwalu said at the handover in Abuja that the licence was revoked from its operators over non-remittance of royalties.

Mr. Sarki Auwalu explained that five other licences were revoked for the same reason.

He maintained that the handing over of the assets was to ensure that Nigeria take charge of its resources.