Minister’s firm sold Turkana oil block for KES 800m
28 March 2012, 07:35
Nairobi - A company associated with a Cabinet minister, Turkana Drilling Company, associated with a Cabinet minister who was affected in Monday’s reshuffle, sold Block 10BB for $10 million (KES. 840 million) to Africa Oil in 2010.
Daily Nation reports that this is just an example of how small firms might be using influence in government to make hundreds of millions of shillings by trading in oil prospecting licences.
The whole business of acquiring blocks has been invaded by influence peddlers and well-connected middlemen, including Cabinet ministers.
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