Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke | credits: File copy The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has decried the rising level of insecurity in the Gulf of Guinea, saying the impact on the Nigerian oil and gas industry is huge. The minister, in a remark at the First Nigerian Navy Offshore […]
EX-MILITANT leader and founder of the non-operational Movement for the Emancipation of Niger-Delta, MEND, High Chief Government Ekpemupolo, alias Tompolo, has accused oil multinationals of telling lies and deceiving the Federal Government on the actual quantity of crude oil they produce daily. Tompolo, who spoke to Vanguard through the Executive Secretary of Tompolo Foundation, […]
A legal practitioner, Mr. Ajibola Oluyede, who is a counsel for a subsidy fraud suspect, Mr. Seun Ogunbambo, on Thursday, described the declaration by the Economic and Financial Crimes Commission of Ogunbambo as a wanted person as unconstitutional. Oluyede said in a statement that there was no basis for declaring his client wanted because there […]
Wale Sokunbi CURRENTS walesokunbi2010@yahoo.com The story of Nigerians living in different parts of the world is variegated. While there are thousands of Nigerian professionals such as medical doctors and other experts in science, administration and the arts making waves in their professions all over the world, there are also the stories of thousands of our […]
By EGFUE YAFUGBORHI PORT HARCOURT — SELF determination seeking Ogoni ethnic nationality in Rivers State has said it would drag Shell Petroleum Development Company, to court to stop the oil multinational from selling its assets in the area. Shell, whose vast oil exploration operations in Ogoniland had been shut since the 90s following Ogoni struggle […]
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 […]
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