SOME of the indicted oil marketers had started making refunds of fuel subsidy payment they got in error, the National Economic Council said on Thursday. At a post-Council meeting press briefing in Abuja, the Anambra State Governor, Mr. Peter Obi, said a report submitted to members by Minister of Finance, Dr. Ngozi Okonjo-Iweala, indicated that […]
AS commuters felt the harsh effect of fuel scarcity currently ravaging the Federal Capital Territory and its environs, the Federal Government, on Tuesday, released additional four names of indicted marketers, thus bringing to 25 the names of indicted marketers under investigation released within a spate of five days. The list of names included a summary […]
The Federal Ministry of Finance on Friday published the names of 21 firms being investigated under the fuel subsidy regime. This is contained in a statement issued by the Special Assistant to the Finance Minister on Media, Mr. Paul Nwabuikwu. The statement said the firms were being investigated based on the report of the Presidential […]
Okonjo-Iweala The Federal Government has called the bluff of oil marketers, as fuel queues continue to grow in Abuja . Many stations have refused to sell petrol in the nation’s capital. The government is insisting that oil marketers indicted in the fuel subsidy probe will not be paid. The fuel crisis, the government said, […]
GROUP Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Andrew Yakubu, has revealed that a significant milestone has been recorded in the oil and gas sector, as Nigerian crude oil production increased from 2.4 million barrels per day to 2.7 million. Yakubu disclosed this on Thursday, when the Benue State governor, Dr Gabriel […]
*Says he has previous criminal records By ABDULWAHAB ABDULAH, ONOZURE DANIA & MICHAEL OLADEPO LAGOS – An Ikeja High Court yesterday refused to grant bail to one of the oil marketers, Oluwaseun Ogunbanbo who is being prosecuted alongside others on the ground of his previous criminal records even as others were admitted to bail. Ogunbambo, […]
By EMMA AMAIZE, Regional Editor, South-South CHAIRMAN of Kou Cluster Development Board, CDB, comprising Agge, Agge Palm Bush, Amazor, Azamabiri, Ogbeintu and Oroibiri in Bayelsa State, Austin Igbapike Esq, who is also a lawyer, representing some of the affected communities spoke to Vanguard on the plight of the communities and management of the Bonga spill […]
President Goodluck Jonathan on Monday said that his administration would do everything legally possible to clamp down on crude oil thieves, pirates and other criminals operating along the nation’s waterways. Jonathan made the remarks at a presidential maritime security retreat with the theme, ‘Harnessing the Potential of Nigeria’s Maritime Sector for Sustainable Economic Development,” held […]
The Senate yesterday resolved to investigate the alleged sale of an oil block, OPL 245 to Malabu Oil and Gas Limited at $1.092billion (about N178.812billion) by the Federal Government. It’s resolution followed a motion moved by Senator Ahmed Abdul Ningi (Bauchi Central) and supported by 46 others. In his lead debate, Ningi noted that Nigeria […]
By Clara Nwachukwu, Okey Ndiribe, Emman Ovuakporie & Kunle Kalejaye LAGOS— The Shell Nigeria Exploration and Production Company, SNEPCO, has been fined $5billion over the massive oil spill that occurred at its Bonga oil field on December 20, 2011. This was disclosed yesterday by the Director General, National Oil Spill Detection and Response Agency, NOSDRA, […]
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