17 Oct 2014 • Trillions of naira could be ploughed back to govt revenue • Cash-strapped states to benefit • Okonjo-Iweala warns about effects of falling crude price Omololu Ogunmade in Abuja and Ejiofor Alike in Lagos As oil prices continue to make their descent and are expected to fall below $80 a barrel, oil market analysts have called on […]
MEDIA ADVISORY Guests at Spokesperson’s Noon Briefing on Friday to focus on financing the post-2015 development agenda In its report, the Intergovernmental Committee of Experts on Sustainable Development Financing found that the financing needs for sustainable development were in the trillions of dollars per year. Annual global savings, at $USD 22 trillion, are sufficient to meet these needs, but current […]
Walter Wagbatsama; Adaoha Ugo-Ngadi; Fakuade Babafemi Ebenezer and Ontario Oil & Gas Nigeria Limited are alleged to have fraudulently obtaining the sum of N1,959,377,542.06 from the Petroleum Support Fund for a purported importation of 39.2million litres of Premium Motor Spirit. BY WILSON UWUJARENOCT 13, 2014 Walter Wagbatsama, Adaoha Ugo-Ngadi and their company, Ontario Oil and Gas Nigeria Limited have lost […]
AGENCY REPORTS — Oct 10, 2014 An Ikeja High Court on Friday discharged an accountant, Ezekiel Ejidele, who was tried for complicity in a N1.9 billion fuel subsidy fraud. Justice Lateefat Okunnu discharged Ejidele, a staff of Akintola Williams Delloite, after upholding his no-case submission application. The News Agency of Nigeria (NAN) reports that Ejidele was charged alongside two oil […]
COMMUNIQUE The Africa Network for Environment and Economic Justice (ANEEJ), in collaboration with Bayelsa State Emergency Management Agency, organized a 2-day step down workshop on disaster management for selected staff of Yenagoa and Ogbia Local Government Councils in Bayelsa State, from Wednesday 8th – Thursday 9th October, 2014 at SSG Conference Hall, State Secretariat, Yenagoa. The workshop was held in […]
October 7, 2014 by Ade Adesomoju, Abuja (The punch newspapers) The Supreme Court has slated December 8 for hearing in a suit filed by the governors of the 36 states of the federation against the Federal Government challenging the manner of deduction of fuel subsidy funds from crude oil proceeds. The governors, who sued through their respective Attorneys-General described as […]
by: Adebisi Onanuga 7th October 2014 (The Nation Newspaper’s) Witness of the Economic and Financial Crimes Commission (EFCC), Kehinde Akinmolayan, has denied the commission’s claim that his life is under threat. Akinmolayan, who was said to be the star witness in a N1.1 billion fuel subsidy fraud charge brought by the commission against two oil marketers, Opeyemi Ajuyah and Abdullahi […]
By Bob MajiriOghene Etemiku I have on my table a letter written by the Attorney General of the Federation and Honorable Minister of Justice of the Federal Republic of Nigeria, and dated 24th May 2014. It is addressed to the Asset Forfeiture Money Laundering Section, Criminal Justice System of the United States of America. A perusal of the content of […]
by MATTHEW IRINOYE on Sep 30, 2014 Justice Lateefat Okunnu of a Lagos State High Court, sitting in Ikeja, yesterday issued a witness summon against a witness of the Economic and Financial Crimes Commission, EFCC, Engineer Kehinde Akinmoloyan, who is a prosecution witness in the on-going trial of an oil marketer, Opeyemi Ajuyah, over the alleged subsidy fraud. It would […]