But a Geologist based in Port Harcourt, who spoke with our reporter on phone and requested anonymity, said that the quest for oil in the North is “a fruitless engagement” that will just drain Nigeria’s scarce resource at this time of recession because they would find nothing of commercial interest in the area.
“I can tell you that they just want to waste our money there because major multi-national oil companies have been there earlier, invested huge sums of money to explore oil in the Chad Basin and later left when they discovered that it amounts to efforts in futility. B