Crime Law News

BREAKING: Court Declares Diezani’s forfeiture of asset

Ihesiulo Grace 10 September 2019 0

The Federal High Court in Lagos on Tuesday ordered the permanent forfeiture of the 2,149 pieces of jewellery and a customised gold iPhone, valued at $40m, recovered from the Abuja home of a former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke. In a ruling on Tuesday, Justice

Crime Law News

Court to rule on Akinjide’s co-defendant’s bail application

Ihesiulo Grace 10 September 2019 0

Peter Fowoyo – Lagos A Federal High Court, Ikoyi, Lagos on Monday fixed September 11 to rule on an application brought by a chieftain of the Peoples Democratic Party (PDP), Mrs. Olanrewaju Otiti, seeking the release of her international passport to travel abroad for medical treatment. Otiti is currently standing trial alongside a former Minister […]

News

$9bn judgment debt: FG reacts to Daily Times story as Buhari directs EFCC, NIA, IG to probe contract

Ihesiulo Grace 27 August 2019 0

Our correspondent Following Daily Times investigative report on Monday, President Muhammadu Buhari has directed the Economic and Financial Crimes Commission (EFCC), the National Intelligence Agency (NIA) and the Inspector General of Police to conduct a thorough investigation into how Process and Industrial Developments Limited (P&ID) arrived at a whopping $9.6 billion

Business

Oil prices steady as DPR revokes six oil licences

Ihesiulo Grace 7 June 2019

Michael Ajayi Brent crude futures were up 13 cents to $60.76 a barrel on Thursday, while U.S. West Texas Intermediate crude futures gained 2 cents to $51.70 a barrel. This is even as Department of Petroleum Resources (DPR) has revoked five Oil Mining Licences and one Oil Prospecting Licence belonging to five companies. After falling […]

Energy Headlines News Nigeria Oil & Gas

Ministry responds to leak of Kachikwu’s letter

Ihesiulo Grace 3 October 2017 0

The Ministry of Petroleum Resources has responded to the leak of the Minister of State, Ibe Kachikwu’s letter, to the public. In a press statement signed by Idang Alibi, the ministry bemoaned the leak of a ‘private’ communication to the public. The full statement is reproduced below. PRESS STATEMENT PUBLICATION OF A CONFIDENTIAL OFFICIAL CORRESPONDENCE