File Photo The Department of Petroleum Resources (DPR) has revoked four Oil Mining Licences (OML) belonging to Addax Petroleum due to the non-development of the assets by the petroleum company. The affected assets are OML 123, 124, 126 and 137. Speaking during an interactive session with journalists in Lagos on Tuesday, the Director/Chief Executive Officer, DPR, Mr. Sarki Auwalu, who disclosed this, said it was discovered that over 50 per cent of the assets had remained underdeveloped, which he said was resulting to loss of revenue to the federal government. According to him, “Addax refused to develop the assets and Addax were therefore not operating the assets.” The DPR boss pointed out that going by the country’s Petroleum Act, “the first reason for a revocation is when you discover that...
File Photo Peoples Democratic Party (PDP) has condemned the recent attack on the former Central Bank of Nigeria Governor, Chief Chukwuma Charles Soludo, describing it as callous, intimidation and unnecessary. The party said the killing of the three policemen attached to the former CBN governor was criminal and uncalled for, saying the police officers were doing their legitimate duty at the time of the incident. Honourable Ikechukwu Emenike, the Anambra South PDP Youth leader, who stated this in an interview with newsmen in Isuofoa, yesterday, said the gunmen disrupted Soludo’s interactive session with youths of Isuofia, who were gathered at the Isuofia Civic Center, shot dead three policemen and abducted Engineer Emeka Ezenwanne, the commissioner for Public Utility in the state who jumped ...
Napoli can breathe a sigh of relief as Giovanni Di Lorenzo, Alex Meret, and Lorenzo Insigne’s swab tests came back negative. Serie A clubs are concerned as four staff members of Italy national team tested positive for COVID, the FIGC announced on Wednesday after the Azzurri’s 2-0 win over Lithuania. However, according to Sky Sport Italia, Napoli’s Italy international Giovanni Di Lorenzo, Alex Meret, and Lorenzo have not contracted the virus as their swab tests came back negative. The trio returned to Naples in the morning and can now join their teammates in Castelvolturno for today’s training session. The Azzurri will face Crotone on Saturday and travel to Turin on Wednesday to play the rescheduled fixture from matchday 3 against Juventus. The Old Lady’s defender Leonardo Bonucci tested po...
The managing director/CEO of Sterling Bank Plc, Mr Abubakar Suleiman, has called for a review of Nigeria’s educational system so as to make it relevant to current and future human capital requirements in the country. Suleiman made the call while speaking as a panelist in a session on “Roadmap To Shared Prosperity – Ensuring Inclusive Human Capital Development” at the just concluded 8th Lagos Economic Summit, Ehingbeti 2021. He observed that Nigeria’s current educational system will continue to fail in its role of delivering the human resources needed by industry now and in the future unless the federal government redefines its commitment to the system. According to him, “The educational system that is operational in the country today appears to be only suitable for academia and not for inc...