Tullow Oil Company has been tasked by the President to explain the basis upon which some of the firm’s top executives allegedly planned to offer him $50 million Uganda shs 127 BN.
The allegations which were made by Kwahar Quereshi, the attorney representing Heritage Oil Company in a case where it is battling a suit brought against it by Tullow over a $404 million capital gains tax sought by the Uganda government. The tax claim arise out of Tullow’s 2010 $1.45 billion buy-out of Heritage’s stake in Uganda’s oilfields.
Mr Quereshi is quoted to have said that Tullow’s Exploration Director Angus McCoss in an August 2010 group email, suggested the idea that $50 million be paid to “meet the short term needs and demands” of President Museveni, who in the said email was referred to by the acronym M7.
The President has given Tullow Uganda general manager Jimmy Mugerwa until tomorrow to explain how the firm’s officials internally discussed paying him off or financing his re-election campaign as alleged.
in a Tuesday letter written on his behalf by Kiwanuka & Karugire Advocates law firm, Mr Museveni reportedly wants to know who requested for the money, whether it was paid and to whom.
He also wants to know whats steps the company has taken ever since the reports emerged to correct the Impression that has been created by the allegations. Tullow is yet to reply to the President’s Letter.
the Court Proccedings also revealed the extent of British Influence in Uganda’s Oil with the British Foriegn Secretary William Hague Personally Lobbying On Tullow’s Behalf in an Alleged Phone Call to the President