Leader of the Movement for the Survival of Ogoni People (MOSOP), Barrister Ledum Anazor Mitee, has warned the country’s leadership not to take the youth for granted. He said that the continued neglect of the youth is dangerous, as what happened in North Africa has shown that they could revolt and the crisis would consume […]
PRESIDENT Goodluck Jonathan has lamented the alleged high politicisation of the Federal Government’s proposed fuel subsidy removal, saying that those against the policy wanted to bring down his government. The president spoke, on Thursday, in Abuja at the presidential dialogue with global chief executive officers in the ongoing 17th Nigerian Economic Summit, organised by the […]
The House of Representatives was informed yesterday that the actual amount owed the Federation Account was in tune of N842 billion by the Nigeria National Petroleum Corporation (NNPC) and not N450billion. Nigeria Extractive Industries Transparency Initiative (NEITI) told the Joint committee on Finance, Petroleum Resources (Upstream and Downstream) and Gas Resources, probing the non -remittance […]
The debate on the removal of fuel subsidy gathered momentum yesterday as the Senate Joint Committee on Petroleum Resources (Downstream), Appropriations and Finance formally summoned Ministers of Finance, Dr. Ngozi Okonjo-Iweala, Petroleum Resources, Mrs. Diezani Allison-Madueke and Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, to appear before it. The issue has […]
The Nigerian National Petroleum Corporation (NNPC) is conniving with the major crude oil lifters to defraud the nation to the tune of $50 billion, the House of Representatives committee on Finance has said. The Chairman House Committee on Finance, Abdulmumuni Jibrin stated this at the opening of the two-day investigative public hearing on the alleged […]
The lingering crisis over the Excess Crude Account deepened yesterday with state governors praying the Supreme Court to stop the Federal Government from making any withdrawals, howsoever, from the account styled the “Excess Crude Account” (or any account replacing same by any name howsoever) pending the hearing and determination of a suit they filed in […]
The chairman of the Transition Monitoring Group (TMG), Comrade Mashud Erubami, said on Tuesday that Nigerians would resist the proposed removal of oil subsidy despite the insistence of President Goodluck Jonathan. The civil society activist, in a statement in Ibadan, said that the proposed step by the Federal Government, which has grave consequences for Nigerians, had […]
Former Kwara State Governor, Bukola Saraki, has urged the Federal Government to tackle the alleged corruption in the petroleum industry to win the confidence of Nigerians in its plan to withdraw fuel subsidy. According to him, there is the need for public enlightenment to make the people appreciate the policy. Saraki, who represents Kwara […]
Fresh facts have emerged on the illegal N1.5 trillion spent on oil subsidy by the Presidency as against N240 billion approved for the same purpose by the National Assembly for the 2011 fiscal year. Senator Bukola Saraki had raised the alarm in a motion approved by the Senate last Thursday. He said that the Presidency […]
The Senator representing Kwara Central Senatorial District, Dr. Bukola Saraki at the weekend said the Federal Government might spend a whopping N1.5 trillion on fuel subsidy this year. He added that government expended N600 billion in 2010 alone in subsidising the same products. Saraki, who is the chairman, Senate Committee on the Environment, spoke with […]
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