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Goodluck Jonathan (2010-present), Oil Politics, Presidency
Tuesday, July 24th, 2012
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 […]
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Legislature, Oil Politics, Senate
Saturday, July 21st, 2012
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 […]
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Latest Politics, Oil Politics
Monday, July 16th, 2012
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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EFCC Politics, National Politics, Oil Politics, Top Stories
Monday, July 16th, 2012
By Oscarline Onwuemenyi ABUJA — Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ibrahim Lamorde, has stated that investigations into fuel subsidy payments by the commission would soon be completed and those indicted arraigned in court. Lamorde, who stated this, yesterday, when the President of Campaign for Democracy, CD, Dr. Joe Okei-Odumakin, paid […]
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Abu King Shulwa, Articles, Columnists, NNP Columnists, Oil Politics
Thursday, July 12th, 2012
By Dr. Abu King Shulwa | Makurdi, Benue | July 12, 2012 – The bribery scandal of $620,000 between Farouk Lawan and Mr Femi Otedola of Zenon Oil seems to have taken a new turn as an Abuja High Court reportedly granted an injunction preventing the government from implementing the recommendations of the subsidy ad […]
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Headlines, Oil Politics
Saturday, July 7th, 2012
An oil refinery in Port Harcourt. Inset: Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke | credits: The four Federal Government-owned refineries in the country are producing refined petroleum products at an abysmally low level. Investigations by SATURDAY PUNCH show that the refineries are producing at about 25 per cent of installed capacity. The investigations show […]
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House, Legislature, Oil Politics
Monday, July 2nd, 2012
July 2, 2012 by Niyi Odebode and Ade Adesomoju L-R: Otedola, Lawan and Tambuwal | credits: File copy The $620,000 bribery scandal involving a federal legislator, Farouk Lawan and businessman, Femi Otedola, has entered a new phase with Otedola asking a court to order Lawan and three others to pay him N250bn in damages. The […]
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Latest Politics, Oil Politics
Saturday, June 30th, 2012
…..as Task Force on PIB submits reports By BEN AGANDE, Abuja In his first public statement since he was appointed the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), the new helmsman, Andrew Yakubu, yesterday promised that he will work towards repositioning the corporation for better service delivery. Speaking with State House correspondents […]
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Headlines, Oil Politics
Tuesday, June 26th, 2012
THE Managing Director of Shell Petroleum Development Company (SPDC) Nigeria Plc, Mr Mutiu Sumonu, on Tuesday, told members of the House of Representatives that Nigeria loses $5 billion annually to oil theft. The Shell boss, who made the disclosure while addressing the House joint committees on Petroleum Resources (Upstream) and Navy, investigating “unprecedented upsurge of […]
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Goodluck Jonathan (2010-present), Oil Politics, Presidency, Women Politics
Tuesday, June 26th, 2012
Minister of Finance, Okonjo-Iweala | credits: Facts emerged on Tuesday that the report of the committee set up by the Minister of Finance, Dr. Ngozi Okonjo-Iweala, to verify the arrears of subsidy claims had been sent to President Goodluck Jonathan. The committee, headed by the Managing Director, Access Bank of Nigeria Plc, Mr. Aigboje […]
