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President Goodluck Jonathan’s demonstration of government’s apparent helplessness in checking rampaging economic terrorists eating up 60 percent of fuel subsidies meant to assist the poor, does not inspire hope of ending the nation’s financial hemorrhage that denied the citizenry of improved socioeconomic welfare. The President had August 28 failed woefully to address satisfactorily the age long pilferage of fuel subsidies […]
18 Oct 2014 (This day Newspapers) Minister of Finance and Co-coordinating Minister for the Economy, Ngozi Okonjo-Iweala Fall in crude oil prices may stall payment Yemi Adebowale About 46 oil marketers in the country are grappling under the yoke of heavy debts following the failure of the Federal Ministry of Finance to pay them the outstanding verified subsidy claims and […]
Leadership Newspaper, October 20, 2014. page 48
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 […]