
Findings reveal that All Grace Energy, in which Senator Iyabo Obasanjo-Bello has majority stake, got the oil block Ubima Creek field OML 17 in a discretional process without competitive bidding.
Some oil companies and industry experts said the secret allocations are against international best practices.
Daily Trust learnt that the secret allocations were done over the past one year, even though government had said the process of awarding oil licences were to be executed publicly through competitive bidding.

















