All posts tagged "head"

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  Revealed: 21 Oil Marketers Indicted in Aig-Imoukhuede led Committee Report

  Earlier this week, the Aig-Imokhuede led-committee on subsidy claims presented their report to President Jonathan. At the time, all that was disclosed was that there were 21 firms indicted for criminal investigation for receiving N382 billion in...

  • Posted July 27, 2012
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  Impeachment Threat: FG Can’t Achieve 100% Budget Implementation by September – Okonjo Iweala

  Coming on the heels of the impeachment threat issued to President Jonathan by the House of Representatives, the Finance Minister, Ngozi Okonjo Iweala, has stated unequivocally that the Executive cannot achieve 100% budget implementation by September. The...

  • Posted July 26, 2012
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  Breaking News: FG Owes Us $7 billion (N1.2 trillion) in Subsidy Arrears – NNPC

  Nigeria’s state-oil company said on Wednesday it was owed $7 billion in government fuel import subsidies, debts which would wipe out savings supposed to protect Africa’s second biggest economy from oil price dips. “As at the end...

  • Posted July 25, 2012
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  Subsidy Fraud: Aig-Imoukhuede led Committee Indicts 21 Firms on N382 billion

  The Aig-Imoukhuede led committee charged with verification and reconciliation of fuel subsidy claims and payments has indicted 21 firms of committing subsidy fraud to the tune of N 382 billion and recommended their prosecution to the Presidency....

  • Posted July 25, 2012
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  EFCC to Arraign Subsidy Thieves Today, Partners Interpol on Flight Risk suspects

  The Economic and Financial Crimes Commission (EFCC) is set to begin to arraign fuel subsidy thieves in Lagos today. In all directors representing seven companies including Eterna Oil and Nasaman Oil Services Plc will have charges filed...

  • Posted July 24, 2012
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  Subsidy Arrears: Depot Owners Begin Strike Today

  The Jetty and Petroleum Tank Farm Owners of Nigeria (JEPTFON) have threatened to commence their strike action today in order to protest against the failure of the Federal Government to pay them subsidy arrears owed their members...

  • Posted July 23, 2012
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  Jonathan awards N927b contracts in 10 months, Niger Delta gets N247b contract sum

  Investigation has revealed that Contracts worth N927bn have been awarded by President Goodluck Jonathan in ten months of his 13 months presidency. The contract figures which are found in a document titled,” Federal Executive Council Approved Contract”...

  • Posted July 22, 2012
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  Malabu Oil Scandal: Senate Begins Investigation

  The Senate has resolved to investigate the Malabu Oil Scandal which raged in the media for several weeks as reports came to light that the highest levels of Nigerian government were involved in brokering an oil deal...

  • Posted July 20, 2012
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  FG Awards $1.5 billion Lagos Ibadan Rail Contract to Chinese Company

  The Federal Government through its Federal Executive Council has awarded a contract worth $1.48 billion to China Civil Engineering Construction Company (Nig) Limited. The contract is for the construction of a standard gauge rail to link the two...

  • Posted July 19, 2012
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  UBA Nigeria Seeks Local License In Zambia To Meet Country’s Recapitalization Rules

  United Bank for Africa Plc, Nigeria’s fourth-biggest lender by market value, will seek a local banking license in Zambia to meet the country’s new capital requirements, Managing Director Phillips Oduoza said. “We intend to convert our license from...

  • Posted July 18, 2012
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