Agreement
House summon AGF over ‘blockage’ of $60 billion repatriation
The House of Representatives has again summoned the Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN) for allegedly halting the repatriation of $60 billion loot from Texas, United States of America. The Chairman of the Ad hoc Committee on Assessment and Status of All Recovered Loots – Movable and Immovable Assets from 2002 to 2020 by Agencies of the federal government for Effective Efficient Management and Utilisation, Rep. Adejoro Adeogun, summoned Malami on Wednesday in Abuja when a former Special Prosecutor to the Special Presidential Investigation Panel (SPIP), Mr Tosin Ojaomo, appeared before it. He also revealed that before the panel which was headed by Okoi Obono-Obla was disbanded, it investigated the Auditor General of the Federation for the withdra...
Antonio Conte leaves Inter Milan
Title winning Antonio Conte has parted ways with Inter Milan amidst rumors he’s set for a return to the Premier League. Conte who guided Inter to the Scudetto for the first time since 2010 has been embroiled in a dispute with the club’s owners following their decision to cut down the size of the squad. A statement on the club’s website reads, “Internazionale Milano can confirm that an agreement has been reached with Antonio Conte for the termination of his contract by mutual consent. The Club would like to thank Antonio for the extraordinary work that he has done, culminating in Inter’s 19th top-flight title. Antonio Conte will forever remain a part of our Club’s history.” There are, however, rumours that the former Chelsea boss is set for a return to England to manage Tottenham Hotspurs. ...
Mali’s coup leader seizes power again
Mali’s president and prime minister have been ousted by the officer who led last year’s coup and became vice-president of an interim government. Col Assimi Goïta says President Bah Ndaw and PM Moctar Ouane failed in their duties and were seeking to sabotage the country’s transition. They were arrested hours after a government reshuffle which saw two senior army officers replaced. Col Goïta says elections will still go ahead next year as planned. But he ignored pleas from the UN chief, the African Union, the Economic Community of West African States (Ecowas), the EU and the US that the president and prime minister be released without any preconditions. The two men have been held at a military camp outside the capital, Bamako, since they were arrested on Monday evening. A delegation from Eco...
NNPC renews OML 118 with Shell, Total, Exxon, Eni
The Nigerian National Petroleum Corp renewed Oil Mining Lease 118 with the local subsidiaries of Shell, Total, Exxon and Eni for another 20 years, the West African country’s state oil firm said in a statement on Tuesday. The deal signals the end of “long-standing disputes over the interpretation of the fiscal terms of the production-sharing contracts” between the investors in the field, the statement said. The Nigerian government will immediately recognise revenues of $780 million from the signing of the agreement, “while it would also free the parties from over $9 billion in contingent liabilities,” the statement said. The deal was signed between NNPC, Shell Nigeria Exploration and Production Company, Total Exploration and Production Nigeria Limited, Esso Exploration and Production Nigeri...
Report: Lionel Messi accepts new Barcelona deal
Lionel Messi will stay at Barcelona. The official announcement will be treated as Barca’s big signing of the summer and the latest important media outlet to confirm the news is ‘BeIN Sports’. Journalist Achraf Ben Ayad, who follows Barca news very closely, says that Leo Messi has decided to stay. The Argentine missed the final game of the La Liga season and he did not train on Friday either with the club’s permission. The striker has taken holiday before going to Argentina to play in the Copa America. It seems like Leo Messi wants to decide on his future before the Copa America starts in June so the Argentinian’s new deal could be confirmed in the next two weeks. Leo Messi will have to accept a contract with a lowe salary than his current one due to Barca’s complicated financial situation....
Strike: Kaduna government, NLC reach agreement
The Kaduna State Government and the Nigeria Labour Congress have reached an agreement on the plan by the state government to lay off workers. The NLC has since Monday led workers to protest against the plan by the Kaduna government to lay off the workers. The late Thursday agreement between the two parties was brokered by the federal government in Abuja. Part of the agreement was that the Kaduna government will follow due process and the “principle of redundancy,” as stipulated in Section 20 of the Labour Act, in its Public Service Revitalization and Renewal Programme, which is expected to lead to the retrenchment and sack of workers. The parties also agreed that the Nigeria Labour Congress (NLC) twill no longer continue with its industrial action while no worker shall be victimized by the...
Hamas official predicts ceasefire soon in Israel-Gaza conflict
A senior Hamas official predicted a ceasefire within days in the Israel-Gaza conflict, after U.S. President Joe Biden urged Israeli Prime Minister Benjamin Netanyahu to seek a “de-escalation” in the fighting. Rocket fire into Israel died down overnight, a lull that stretched into Thursday morning. Israel was launching new air strikes in Gaza after daybreak, but, Israeli media said, at a slower pace than in past days. An Egyptian security source said the sides had agreed in principle to a ceasefire after help from mediators but details were still being negotiated in secret. “I think that the ongoing efforts regarding the ceasefire will succeed,” the Hamas political official, Moussa Abu Marzouk, told Lebanon’s al-Mayadeen TV. “I expect a ceasefire to be reached within a day or two, and the c...
NNPC selects 26 firms to lift Nigeria’s crude oil
The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift the country’s crude oil for the next two years. The crude term contracts, expected to run from 2021 through 2023, would see the firms and the selected nations, which would operate on a Government-to-Government (G2G) basis to purchase the commodity from the national oil company. The deal is coming less than a week after the corporation chose 16 oil and gas consortia for its new crude-for-fuel swap contracts for one year starting in August. The contracts, known as Direct Sale, Direct Purchase (DSDP) are high-stakes agreements used to supply nearly all of Nigeria’s petrol needs as well as cover some of its diesel and jet fuel consumption. However, in the fresh crude oil...
Firm cautions Nigerian government over sale of national assets
Agusto Consulting has cautioned the federal government over its plan to relinquish national assets to private hands, saying, the risk involved is unquantifiable. Agusto Consulting, in a report titled “Rethinking Nigeria’s Models for Infrastructure Development,” noted that, the benefits of relinquishing control to the private sector are glaring, but remain difficult to implement. Noting that the federal government’s handing off certain critical assets of the country that have been dormant over the years will positively impact on the country’s budgetary allocation, but added that this decision has caveats and risks associated with operating models that involve private sector participation regardless of the levels of participation. “First is the high level of corruption in the country and the...
Edinson Cavani offered £50K pay rise to stay at Manchester United
Manchester United plan to keep Edinson Cavani at Old Trafford for the 2021-22 season by offering the striker a wage increase of £50,000, according to reports. The Uruguayan has cemented himself as Ole Gunnar Solskjaer’s first-choice striker during the second half of the 2020-21 campaign, playing a pivotal goalscoring role both domestically and in Europe – most notably in the Europa League semi-final tie with AS Roma, against whom he scored four goals over two legs. United do not have the option to extend the 12-month deal Cavani signed last summer, and it has been generally assumed the 34-year-old would return to South America this summer. However, Cavani can choose to add another year to his current deal, and according to The Sun, United plan to give the 34-year-old extra incentive to rem...
Somalia invites state leaders to crucial election talks
Somalia’s prime minister on Sunday invited regional leaders to a fresh round of negotiations in the hope of resolving a protracted feud over elections that sparked violence in the capital. The troubled Horn of Africa country is experiencing its worst political crisis in years, with fighting erupting in Mogadishu last week after the president extended his mandate by two years without going to elections. Opposition fighters remain in the capital even after President Mohamed Abdullahi Mohamed backed away from the mandate extension at the weekend and agreed to hold a fresh vote. The president, better known by his nickname Farmajo, tasked his prime minister with reaching out to rivals and overseeing the negotiations, a key opposition demand. A government spokesman said Prime Minister Mohamed Hu...
Washington denies Iran state media report saying prisoner swap agreed
The United States on Sunday denied a report by Iran’s state television that the arch-foes had reached a prisoner swap deal in exchange for the release of $7 billion frozen Iranian oil funds under U.S. sanctions in other countries. Iranian state television said on Sunday that Tehran would free four Americans accused of spying in exchange for four Iranians held in the United States and the release of $7 billion in frozen Iranian funds. The U.S. government denied that an exchange was in the works. The state TV, quoting an unnamed Iranian official, also said British-Iranian national Nazanin Zaghari-Ratcliffe would be released once Britain had paid off a debt on military equipment owed to Tehran. A British Foreign Office official played down that report. Iran and world powers are holding talks ...
