Terms
PDP tasks federal government on Dangote refinery shares
The Peoples Democratic Party has advised the Federal Government to ensure transparency in its planned acquisition of 20 per cent shares in Dangote refinery. The PDP said this in a statement by its National Publicity Secretary, Kola Ologbondiyan, in Abuja. Ologbondiyan said: “The PDP has nothing against any genuine and honest incentives for private refineries, but we insist that such must not be used as avenues for siphoning funds from national treasury. “The transaction must be made completely open, in terms of conditions for crude barter trade, duration, equity sharing and signatories among other things.” Ologbondiyan urged the National Assembly to take advantage of its oversight power on the Nigerian National Petroleum Corporation to ensure that the deal was transparent. “The PDP insists...
Group urges President Buhari to suspend NDDC forensic audit
The South South Reawakening Group, has called for the immediate suspension of the ongoing forensic audit of the Niger Delta Development Commission (NDDC), describing it as a “circus of corruption”. Converner of the group, Joseph Ambakederimo, in a statement, urged President Muhammadu Buhari to appoint a board for the NDDC to start a new phase for the development of the region. According to them, it was no longer news that the forensic audit ordered by the President has now been turned into “a circus for mismanagement and misappropriation of public funds to oil the machinery of political interests of a few, while the region and its people continue to suffer the perpetual psychological torture of these buccaneers.” The group recalled that the NDDC is still presently being run by an interim s...
APC group: Six years of President Buhari better than PDP’s 16 years
The group operating under the auspices of All Progressives Congress (APC) Legacy Awareness & Campaign, made this remark on Friday in Abuja while reeling out some of the achievements of the APC-led government led by President Buhari. Addressing journalists, group’s national coordinator, Barr. Ismail Ahmed, said the group has commenced a national campaign to promote some of the initiatives of APC-led government. Ahmed said: “As committed members of the APC, we are convinced that since May 29, 2015, when the government of President Muhammadu Buhari was inaugurated, landmark initiatives have been; and are being implemented. “In comparative terms, President Buhari’s government has recorded more achievements within six years than all the previous governments under the PDP between 1999 and 20...
House displeased with EFCC over delay in disposal of recovered N46 billion from ex-oil minister
The House of Representatives has expressed displeasure with the Economic and Financial Crimes Commission (EFCC) over the delay in disposing of the N46 billion assets seized from the former Petroleum Minister, Mrs Diezani Alison-Madueke. 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 of Nigeria for Effective Efficient Management and Utilisation, Hon. Adejoro Adeogun, expressed his displeasure on Friday when the Chairman of the EFCC, Mr. Abdulrasheed Bawa, appeared before the committee. The chairman of the committee opined that it was not ideal to continue keeping such recoveries as they were losing value over time. He said: “Given the financial situation of Nigeria, sho...
Facebook report: U.S. a top target for foreign and domestic influence operations
The United States topped a list of the countries most frequently targeted by deceptive foreign influence operations using Facebook between 2017 and 2020, the social media company said in a new report released on Wednesday. It also came second on a list of countries targeted by domestic influence operations in that same time period. Facebook Inc said one of the top sources of coordinated inauthentic behavior networks targeting the United States in the year leading up to the 2020 presidential election was domestic campaigns originating in the United States itself, as well as foreign operations from Russia and Iran. The tallies were based on the number of “coordinated inauthentic behavior” networks removed by Facebook, a term it uses for a type of influence operations that relies on fake acco...
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...
Manchester United step up Kingsley Coman transfer bid
Getty Images Manchester United have reportedly told Kingsley Coman they are ready to pay him £200,000 a week after tax. The Bayern Munich star has two years left on his contract but is yet to agree terms over a new deal. Bild claim Coman, 24, earns £200k a week before tax but ‘would like to have it in net’. United have apparently ‘indicated’ to the Frenchman they are willing to meet his demands – and make him their joint fifth top earner. But there is no guarantee of a quick transfer as Bayern are in no rush to make a decision on his future. And the Bundesliga champions will be able to demand a hefty fee with Transfermarkt valuing him at £58.5million. United are in the market for a new winger with Jadon Sancho and Cristiano Ronaldo both top targets. Coman has long been linked and could be ...
Harry Maguire almost certain to miss Europa League final
Manchester United manager Ole Gunnar Solskjaer says Harry Maguire will almost certainly not be fit enough to face Villareal in the Europa League final. Speaking at the pre-match press conference ahead of United’s final Premier League game of the season against Wolves at Molyneux, the boss confirmed the bad news. ‘I’m going to give him until Tuesday night and the last training session, to see if he can be out there — steadily he is improving but we’re going to give him time to heal. ‘He’s walking but it’s a long way from walking to running so, to be honest, I don’t think we’ll see him in Gdansk, no,’ Solskjaer said. The news will come as a bitter blow for the United skipper, who had been ever-present in nearly two seasons of League football since joining the Red Devils from Leicester City. ...
David Moyes set to sign new three-year West Ham United contract
West Ham United manager David Moyes will sign a new three-year contract next week, according to the Sun. The 58-year-old returned to the London Stadium to take over from Manuel Pellegrini in December 2019 after a six-month stint in 2018, penning an 18-month contract. That deal ends at the end of the campaign, but the Hammers board has been impressed with the job he has done and are more than happy to hand him an extension after a successful trial. West Ham were 17th in the Premier League table, one point above the relegation zone when Moyes re-joined, and he led them to safety at the end of the 2019-20 campaign. The team finished in 16th place with 39 points, their lowest points tally since 2010-11. The former Everton boss secured 20 points from 19 games, but has guided them to the brink o...
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...
ASCAB: Kaduna governor sacked over 60,000 workers in six years
Human rights lawyer, Mr. Femi Falana (SAN), and the Alliance on Surviving COVID-19 and Beyond say Kaduna State Governor, Nasir el-Rufai, has sacked over 60,000 workers since he took office in May 2015. They, therefore, endorsed the five-day strike across Kaduna State which will begin on Monday. ASCAB in a statement on Sunday called on all NLC affiliates and supporters to join the “essential strike” adding that a “firm action is needed to reverse the massive attacks on jobs and poverty induced insecurity in Kaduna State.” Falana said the economy of Kaduna was traditionally built around textile factories and the public sector but in the decade before the administration of el-Rufai, the last four major textile factories were closed with many of the workers not receiving any terminal benefits ...
