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All Police Officers Must Declare Their Assets – IGP

News August 8, 2016

The Nigerian inspector general of Police, Mr Ibrahim Idris, has commanded all police officers in the country must declare their assets.

This, according to him, is necessary in order to rid the Nigerian Police Force of corruption. “Every police officer must declare their assets,” he said at Force Headquarters in Abuja during a courtesy call on him by members of Nigerians Unite Against Terror, a civil rights organisation on Friday, August 5, 2016. Continue reading …

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NNPC Fixes Kerosene At N150 Officially, Other Stations Will Sell At N220: NUPENG

Business News August 8, 2016


The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) says the Nigeria National Petroleum Corporation (NNPC) has fixed N150 per litre as the official depot price of kerosene.
Tokunbo Korodo, the South-West Chairman of the union, disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos on Saturday.
According to him, the price will encourage more importation of the product by the marketers.
He said that most of the filling stations selling kerosene between N200 and N220 as the pump price was as a result of additional money on transportation of the product and some other levies paid by marketers.
The chairman said that at present, NNPC was the only importer of kerosene and was using private depots to sell the product.
“The NNPC has fixed N150 per litre as the new depot price of kerosene and has directed all its depots and private depot to comply with the directive.
“This did not include the transportation of the product or several levies and bank interests paid by marketers.
“Consequently, marketers will now add all these expenses to the depot price to arrive at N190, N200 or N220 depending on their locations.
“The advantage of this is that it will open door for more marketers to commence importation of kerosene just like petrol,’’ he said.
Mr. Korodo, however, commended the Federal Government for its transparent policy in oil and gas sector.
He urged the NNPC to commence loading of its products from depots nationwide, adding that the System 2B oil pipelines were saved from being vandalised.
NAN reports that the Federal Government handon Jan. 24 increased the price of kerosene to N83 per litre from N50 per litre thereby officially removing subsidy from the product.

Source: www.premiumtimesng.com/business/business-data/208218-kerosine-sells-n200-per-litre-nupeng.html

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Nwankwo Kanu Celebrates His 40th Birthday Today

Sports August 1, 2016

Nwankwo Kanu, OON (born 1 August 1976), or simply Kanu, is a retired Nigerian footballer who played as a forward. He was a member of and later captained the Nigerian national team for 16 years from 1994 until 2010. Kanu is a member of the Igbo ethnic group; his name, Nwankwo, means Child born on Nkwo market day in the Igbo language. Continue reading …

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How FG Spent $340m, N27bn In Search Of Oil In The North

News August 1, 2016

AFTER 3 decades of elusive search for hy­drocarbons in the Lake Chad Basin where the Federal Government spent about $340 million and additional N27 billion, in seismic expedition, Nigeria looks set to continue its crude oil exploration in the North East region.

But petroleum engineers, investment ex­perts and geologists have warned the Buhari administration could yet burn its fingers in the long run as the geography of the zone may not guarantee a commercial find.

It was on the basis of this sentiment that the recent marching order handed down to the management of the Nigerian National Petroleum Corporation (NNPC) to resume oil search in the Chad Basin after 30 years of futile efforts is eliciting reactions from stake­holders in the oil and gas sector. Continue reading …

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SERAP Asks Dogara And Others To Resign

News August 1, 2016


Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to the Speaker of the House of Representatives Mr Dogara Yakubu requesting him and other principal officers “suspected to be involved in the alleged budget padding to step aside pending the outcome of investigation by the Economic and Financial Crimes Commission (EFCC) and other agencies.” Continue reading …

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Budget Padding: Jibrin Releases Documents, Implicates More Rep Members [see Full

News August 1, 2016

Budget Padding Scandal: Reps Jibrin releases more documents, implicates more lawmakers

A former chairman of House Committee on Appropriation, Abdulmumin Jibrin, has released more documents about the unfolding budget padding scandal in the House.
Mr. Jibrin said the documents confirmed his claims that some lawmakers manipulated line items in the 2016 Appropriation Bill.
Mr. Jibrin became a whistleblower following his controversial removal as chair of the crucial committee. Continue reading …

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FG To Start Paying Ex-militants On Monday

News August 1, 2016

The Special Adviser to the President on Niger Delta and Coordinator of the Presidential Amnesty Programme, Brig-Gen. Paul Boroh (retd), has said ex-Niger Delta militants will start receiving their stipends on Monday.

Boroh consequently appealed to the ex-militants in the region to shelve the planned protests scheduled to hold on Monday.

This was contained in a statement issued on Sunday by the Head of the Media and Communication Department of the office of the Presidential Amnesty Programme, Abuja, Mr. Piriye Keyaramo. Continue reading …

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Niger-Delta Militants Suspend Declaration Of Independence

News August 1, 2016

Lagos/Enugu – The Adaka Boro Avengers (ABA) said on Sunday that it has suspended today’s declaration of Niger Delta territory an independent republic. The group, however, vowed that its mission to cripple Nigeria’s economy remained on course and “will not stop until the Nigerian government is ready to sit on a roundtable to dialogue and to restructure Nigeria.”

It also warned the Federal Government against having any discussion with the Movement for the Emancipation of the Niger Delta (MEND) and described them as “greedy fellows” who are only after “stipends.” Continue reading …

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‘I Pity President Buhari’ – El- Rufai

News August 1, 2016

Kaduna State Governor, Nasir el-Rufai, on Sunday, said that over seventy percent of Nigeria’s oil revenue has disappeared under previous administrations without a trace due to corruption.

The Governor stated this during the Sunday service at The Latter Rain Assembly, where he was a guest. He said that the present state of Nigeria was saddening as Nigeria was passing through the worst economic downturn ever.

El-Rufai noted that President Muhammadu Buhair has always been around to bail Nigeria out of economic difficulties, pointing out the President’s military government and the troubling economy he inherited from the Shehu Shagari civilian administration. Continue reading …

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