As Cameron asks Jonathan to account for N15.7trn oil revenue in 2012 BY EMMA UJAH UDUMA KALU, AGENCY REPORT ABUJA— Former Minister of Education, Dr. Obiageli Ezekwesili, said Monday, that she was resolute in her demand for a full disclosure of oil revenues earned under the administration of Dr. Goodluck Jonathan even as British Prime [...]
By Ikechukwu Nnochiri …Tenders proof of evidence; gives AGF 6-days ultimatum to endorse charge ABUJA- Sequel to the expiration of the ultimatum he handed to the Police last week, Lagos based lawyer, Mr. Festus Keyamo, Wednesday, entered a 4-count criminal charge against the erstwhile Chairman of the House of Representatives Ad-hoc Committee on fuel subsidy [...]
FEDERAL MINISTRY OF FINANCE News Release. January 8, 2013 SUBSIDY PAYMENTS: FINANCE MINISTRY RELEASES N161 BILLION TO CBN The Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala has refuted media reports which allege that the Federal Ministry of Finance is blocking verified payments to marketers. According to the Minister, the Finance [...]
BY MICHAEL EBOH LAGOS — Pipelines and Products Marketing Company Limited, PPMC, yesterday, said the economy had lost about N165 billion in the last four years to pipeline vandalism. The sum includes the cost of repairs and products theft. Managing Director of PPMC, Mr. Haruna Momoh, at the commissioning of four units of triple agent [...]
The opposition by the North to the proposed Petroleum Industry Bill (PIB) is an insult to the oil producing states, according to Governor Emmanuel Uduaghan. Governor Uduaghan, reacting to the opposition by Northern states to the provision of additional funds for oil bearing states in the bill, said “leaving it at 10 per cent royalty [...]
The Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala has refuted media reports which allege that the Federal Ministry of Finance is blocking verified payments to marketers. According to the Minister, the Finance Ministry made the N161.6 billion supplementary budget for subsidy payments which had been approved by the National Assembly [...]
By Leburah Ganago / Atlanta, GA / Jan. 5, 2013 – Actually, this caption belongs to Femi Oyafemi who in his thought provoking piece in The Punch (Nigeria), newspaper of Friday December 27, 1996, diligently exposed Shell’s complicity in the executive murder(apologies to Professor Ben Nwabueze) of the Ogoni Nine, on November 10, 1995. In [...]
The ground appears to have been prepared for another New Year confrontation between President Goodluck Jonathan and civil rights activists with a stiff opposition by the latter to a suit asking Jonathan to remove totally the subsidy on fuel. A chieftain of the Peoples Democratic Party in Anambra State, Chief Stanley Okeke, has filed a [...]
The National Assembly Joint Committee on Petroleum (Downstream) on Tuesday raised the alarm over the N48bn excess expenditure by the Nigerian National Petroleum Corporation in its 2012 operations. The committee is also calling for information on undisclosed NNPC reserves from which the government-owned oil corporation drew funds to augment its expenditure during the year. The [...]
NOVEMBER 24, 2012 BY IHUOMA CHIEDOZIE, ABUJA Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke | credits: An Abuja Federal High Court on Friday failed to deliver judgement in the suit over the missing $12.4bn oil windfall. The court had scheduled judgement in the matter for Friday, but the Presiding Judge, Justice Gabriel Kolawole, eventually adjourned [...]
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