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Impropriety

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...

Lagos: Councillors suspend council chairman for ‘fraud’

The Chairman, Surulere Local Government, Lagos State, Tajudeen Ajide, has been suspended for alleged financial impropriety. This is according to a letter sent to the Lagos State Commissioner of Police by the nine councillors at the local government. The suspension, according to the councillors, is sequel to a resolution dated April 9, 2021 wherein a vote of no confidence was passed in Ajide. The names of the councillors include: Akande Barakat, Adebisi David, Fasasi Ajenifuja, Phillips Olubunmi, Otinwa Eric, Ijitola Oluwasegun, Ajala Ajibola, Kareem Abiodun and Kazeem Bello. They asked both the police commissioner and the area commander, Area C, to deploy policemen in the local government secretariat to prevent hoodlums from attacking them. The letter read in part, “We the undersigned by t...

FIFA accusations against Sepp Blatter baseless – lawyer

Former FIFA president Sepp Blatter vehemently denies an allegation against him of criminal mismanagement relating to a museum project set up under his leadership, his lawyer said on Tuesday. “The accusations are baseless and are vehemently repudiated,” Lorenz Erni said in statement. Mr Blatter, 84, has continued to deny any allegation of financial impropriety against him by the world football association. Recall that according to documents reportedly seen by the PA news agency, FIFA had stated that, “Following a detailed review of historic facts and circumstances concerning the construction and on-going operational costs of the FIFA Museum, FIFA has become aware of many serious irregularities regarding this project, which raise strong suspicions of criminal misconduct on the part of variou...

FIFA lodges fresh criminal complaints against Sepp Blatter

Getty Images FIFA has lodged a criminal complaint against former president Joseph “Sepp” Blatter over the finances of a museum in Zurich, Switzerland bringing the name of the ex-President into the fray. The football world governing body lodged the complaint on Tuesday. The involvement of Bladder and other former officials in the FIFA museum project is the crux of the latest allegation of financial impropriety against the 84-year-old, who resigned from his post as president in 2015 amid a corruption scandal. The Swiss have always denied any wrongdoing. However, football’s world governing body allege that Blatter’s administration cost them £420m in renovation costs for “a building that the organisation doesn’t own”, while also “locking itself into a long-term rental agreement on unfavourable...