Foreign Interests Over Lake Chad Oil Deposits

Foreign Interests Over Lake Chad Oil Deposits

Fresh insights have emerged on why the Boko Haram terrorists have renewed their onslaught against the Nigerian military. Impeccable sources have revealed that crude oil exploration in the Lake Chad Basin might be the primary motive of the sponsors of the Boko Haram terrorists, THISDAY reports.

Nigeria shares borders with Francophone countries like Cameroon, Niger and Chad. These boundaries are in the North-east where activities of the Boko Haram terrorists are carried out. A source who pleaded anonymity admitted that the motive behind the operations of the Boko Haram terrorists is politically motivated with the aid of foreign sponsors who have their eyes on the crude oil deposits in the Lake Chad region. It is alleged in some quarters that exploring oil in the Chad Basin by Nigeria is against French interests.

Chad is understood to be benefitting from the delayed commercial exploration of oil on the Nigerian side of Lake Chad, as it taps oil from shared underground reserves irrespective of geographical sovereignty. According to investigations, the other neighbouring Francophone colonies of France; Cameroon and Niger without compensating Nigeria are also now drilling off and selling significant quantities of what should be Nigeria’s oil under partnerships with multinationals.

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