Extractive Sector Transparency, Value Maximisation & Nigeria’s Economic Recovery
I have been asked to speak about “Transparency in the Extractive Sector: Driving Wealth Creation and Sustainable Revenue as Solution to Economic Recession”. Since we are technically out of recession,…
ALSCON: Court reserves ruling in N2.8 billion suit by BFIG against UC RUSAL
The Federal High Court, Abuja, on Tuesday reserved ruling till November 6 in a N2.8 billion suit filed by BFIGroup against UC RUSAL and the Bureau for Public Enterprises, BPE,…
EXCLUSIVE: Inside the multi-million dollars shady ALSCON negotiation brokered by a Nigerian minister
The Nigerian government has, through the Minister of Mines and Steel Development, Kayode Fayemi, been mediating in a multi-million deal that apparently violates a Supreme Court ruling, PREMIUM TIMES has…
More revenue for Nigeria as OPEC extends exemption from oil output cut
The growing stability in the global oil market may work to Nigeria’s advantage, as the Joint Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC Ministerial Monitoring Committee, JMMC, on Friday…
How Diezani ignored due process in handling of N59.44 billion NNPC funds – Audit Report
The 2015 audit report on the Federation Account has uncovered how the embattled former Minister of Petroleum Resources, Diezani Alison-Madueke, usurped National Assembly powers to draw billions in cash from…
Audit Report indicts Nigeria’s Accountant General of allegedly failing to provide evidence for crucial transactions
The 2015 annual audit report on the Federation Account has indicted the office of Accountant General of the Federation, OAGF, over alleged delays that kept the submission behind schedule for…
NNPC ‘pocketed’ N3.88 trn belonging to Nigerian govt. in 2015, says Audit Report
Cumulative unremitted revenue from domestic crude oil sales by the Nigerian National Petroleum Corporation, NNPC, stood at about N3.878 trillion as at December 31, 2015, a report by the technical…
Abacha Loot: Inside the secret deal Jonathan authorized to shield ex-dictator’s family from prosecution
RELATED NEWS Abacha Loot: Group wants Buhari to reject secret deal with familyMay 20, 2015 Civil society groups write UK Prime Minister; demand rejection of Abacha loot agreementJune 6,…
Massive fraud stalls NLC, Kriston-Lally housing scheme, leaving thousands stranded
RELATED NEWS Aggrieved subscribers of NLC housing scheme disrupt debate for political partiesFebruary 6, 2015 Oshiomhole lambasts outgoing NLC president, Omar; warns successor against bread, butterMarch 23, 2015 NLC names…
Oil Crisis: Nigerian govt retains National Assembly’s N150bn jumbo budget despite dwindling revenues
RELATED NEWS National Assembly’s huge allocation higher than individual budgets of 19 StatesMay 28, 2015 SHOCKING: 2015 Budget: National Assembly’s N150billion enough to fund capital votes for 20 Federal MDAsMay…