Buhari: Jonathan, IBB, Obasanjo killed oil sector

President promises to suprise critics -Babangida threatens to expose Buhari On a day a former Head of State placed the blame for Nigeria’s woes at his doorstep, President Goodluck Jonathan yesterday hit back at  his critics.  He rejected such blame, especially by former leaders and  vowed that although he is the most vilified President in […]

$400b oil money mismanaged by govt., says Ezekwesili

Former World Bank Vice President for Africa, Dr. Oby Ezekwesili yesterday said about $400 billion of Nigeria’s oil revenue has been stolen or mismanaged since independence in 1960. Presenting a paper entitled “Corruption, National Development, The Bar and The Judiciary” at the ongoing 52nd Annual General Conference of the Nigerian Bar Association (NBA), she said […]

Who Will Speak for Farouk Lawan? – By Dr. David A. Ehoro

By Dr. David A. Ehoro | Columbus, Ohio | August 25, 2012 – During the Vietnam War – a Cold War era military conflict that occurred in Vietnam, Laos, and Cambodia from 1 November 1955 to the fall of Saigon on 30 April 1975 – many Americans appeared thorn between the patriotic impulse of supporting […]

Indicted marketers making subsidy refunds –Govt

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 […]

FG releases names of additional 4 indicted marketers

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 […]

Fuel subsidy: FG probes 21 firms for alleged fraud

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: oil marketers paid N42.6b

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, […]

Nigerian crude oil production hits 2.7 million barrels per day

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 […]

Subsidy scam: Court denies accused bail

*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, […]

Six months after Bonga spill: Oil communities still grumbling (3)

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 […]

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