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Absence of EFCC counsel, Diezani Alison-Madueke stalls ex-Petroleum Minister’s trial

Ihesiulo Grace 3 November 2021 0

The absence of counsel to the Economic and Financial Crimes Commission (EFCC) and the former Minister of Petroleum Resources, Diezani Alison-Madueke, in court on Wednesday stalled the money laundering trial. The News Agency of Nigeria (NAN) reports that a Federal High Court, Abuja had fixed

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NNPC weekly review: FG approves incorporation of NNPC Ltd

Ihesiulo Grace 26 September 2021 0

In consonance with Section 53(1) of the Petroleum Industry Act 2021, which requires the Minister of Petroleum Resources to cause for the incorporation of the NNPC Limited within six months of the enactment of the Petroleum Industry Act (PIA) in consultation with the Minister of Finance on the nominal shares of the Company, President Muhammadu […]

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New petroleum industry law is to attract investors – Minister

Ihesiulo Grace 18 August 2021 0

The Minister of State for Petroleum Resources, Chief Timipre Sylva, said that the philosophy behind the Petroleum Industry Bill (PIB) signed into law by the President was to attract investors. The minister disclosed this while responding to questions on the three per cent allocation to host communities in the PIB in Abuja on Tuesday. Sylva […]

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‘$1.5bn P’Harcourt refinery rehabilitation a national disservice, wasteful spending’

Ihesiulo Grace 25 May 2021 0

Success Nwogu A retired Deputy Director of the Department of Petroleum Resources, Engineer Sunday Adebayo Babalola, on Monday said the rehabilitation of the Port Harcourt Refinery Company at $1.5 billion is a national disservice and a wasteful spending. The Nigerian National Petroleum Corporation, despite public outcry, had in April, 2021 signed a contract with an […]

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EFCC recovered $153m, 80 properties from Diezani, says EFCC

Ihesiulo Grace 13 May 2021 0

Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Abdulrasheed Bawa, has disclosed that the anti-graft agency recovered $153 million from former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke. He said the agency also recovered the final forfeiture of over 80 properties in Nigeria valued at about $80 million from the minister, who has […]

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Ministry fixs June 6 for 2021 NIPS

Ihesiulo Grace 9 February 2021 0

BY DOOSUUR IWAMBE Minister of State for Petroleum Resources, Timipre Sylva, has announced June 6 as new date for the 2021 Nigerian International Petroleum Summit (NIPS). He made the announcement during a special video broadcast on a national television station. Accordibg to the broadcast which was also shared by the Petroleum Ministry’s official social media […]

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Final passage of PIB expected by mid 2020, says Sylva

Ihesiulo Grace 2 January 2020 0

Minister of State for Petroleum Resources, Chief Timipre Sylva, says review of the Petroleum Industry Bill (PIB) is at an advanced stage and full passage of the bill is expected mid 2020. Sylva made the announcement on Wednesday in a statement to mark the New Year which was made available to the News Agency of […]

Business

Ogoniland: CISLAC raises concerns over slow clean-up exercise

Ihesiulo Grace 13 March 2019

Joy Obakeye The Civil Society Legislative Advocacy Centre has decried the slow clean-up of oil pollution in Ogoniland. The Programme Manager, Environment and Conservation of Nature, CISLAC, Mr Kolawole Banwo, made this known at a workshop in Lagos. “Emergency measures (health audit, alternative livelihoods and potable water) are perceived to be delayed, inadequate or

News Nigeria

I never said I made First Class – Kachikwu

Ihesiulo Grace 13 October 2018 0

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has described as false and baseless report making rounds that he claimed graduating from the University of Nigeria, Nsukka (UNN), with a First Class degree. The minister made the clarification in a statement signed by the Director of Press in the Ministry of Petroleum Resources, […]

News Nigeria

How we uncovered Diezani’s 19 US, UK, Nigeria properties-EFCC

Ihesiulo Grace 12 June 2018 0

Meanwhile, the EFCC has informed the Federal High Court in Abuja how it uncovered about 19 houses allegedly bought by the immediate-past Minister of Petroleum Resources, Mrs. Diezani Alison-Maduke, in Nigeria, the United Kingdom and the United States. It also explained that an Executive Director in First Bank Nigeria Limited, Mr. Dauda Lawal, helped Diezani […]

Energy Headlines

NNPC in best position to give accurate under-recovery figures – Kachikwu

Ihesiulo Grace 10 April 2018 0

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu on Monday gave clarification to “Nigeria currently incurs over N1.4 trillion till date as under-recovery or losses on the importation and sale of petrol”. The Director of Press and Public Relations in the Ministry of Petroleum Resources, Idang Alibi, in a statement made available on […]

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Malabu scandal: UK Govt approved $875m payment to Etete- JP Morgan

Ihesiulo Grace 9 April 2018 0

The banking giant, JP Morgan Chase, has revealed that the United Kingdom (UK) anti-money laundering unit, Serious Organised Crime Agency (Soca), now renamed the National Crime Agency gave authorisation for the transfer of $875 million to accounts linked to Dan Etete, a former Nigerian Minister of Petroleum Resources in the controversial Malabu scandal. JP Morgan […]

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Subsidy payment: Reps c’ttee walks out PPPRA officials

Ihesiulo Grace 14 March 2018 0

* As Adeosun, Kachikwu, Baru shun probe on fuel template Lower chamber’s c’ttee to unravel how price differential is paid The House of Representatives joint committee on Finance and Petroleum Resources Downstream investigating the huge payment of subsidy on imported refined petroleum products by the President Muhammadu Buhari- led administration on Tuesday, walked

Columnist

Kachickwu’s lost war and Buhari’s burden

Ihesiulo Grace 12 October 2017 0

If a war foretold does not take the cripple by surprise, the Minister of State for Petroleum Resources, Ibe Kachikwu, is in a situation worse than physical handicap. He’s a victim of his own naivety but his appointer could be in a bigger dilemma. The warning shot was fired one year ago when Kachikwu was […]

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Why It’s Impossible To Bring Diezani To Nigeria Now To Answer Charges- EFCC

Ihesiulo Grace 25 September 2017 0

The Economic and Financial Crimes Commission (EFCC) has stated that it is impossible to bring a former minister of Petroleum Resources, Diezani Alison-Madueke to Nigeria now to answer for alleged corruption charges against her. The commission noted, that the former minister was under investigation in the United Kingdom by the Metropolitan Police, hence she can’t […]

Business

New petroleum regulatory policy will be all-encompassing – NNPC

Ihesiulo Grace 22 January 2017 0

Senior Technical Adviser to the Minister of State for Petroleum Resources, Mr. Adegbite Adeniji, has said that the new Federal Government’s petroleum sector regulatory policy would create a “one stop – shop” petroleum sector. Adeniji said all current regulatory and pseudo-regulatory activities would be taken over by the new regulator. He added that the process […]