Nigeria’s Oil Thieves In Trouble

More shocking revelations emerge on how Nigeria’s oil wealth has been plundered through the subsidy scheme administered by the PPPRA in connivance with the NNPC [caption id="attachment_9362" align="alignleft" width="297" caption="•Diezani Alison-Madueke: ...

NNPC: The Damning Audit Report

 A recent forensic audit of the NNPC by KPMG exposes the sleazy underbelly of the corporation overseeing Nigeria’s oil wealth   [caption id="attachment_9848" align="alignleft" width="305" caption="Sanusi: Uncovered systematic theft via subsidy payment."][/caption] In ...

Subsidy: protests erupt in Lagos, Ibadan

Widow of the legal icon, the late Chief Gani Fawehinmi, Ganiyat, lawer and activist, Mr. Femi Falana this morning, led thousands of Lagosians to protest against the removal to fuel ...

Anger Of The Oil Majors

Activities in the upstream sector of the oil industry slump as major producers bicker over the Petroleum Industry Bill [caption id="attachment_6736" align="alignleft" width="250" caption="Alison-Madueke: PIB when passed will ensure increased government ...

Yellow Card For NNPC

The Federation Accounts Allocation Committee issues the Nigerian National Petroleum Corporation the final warning to pay up its debt. Or else... [caption id="attachment_5669" align="alignright" width="300" caption="Oniwon, NNPC can't pay N450b debt."][/caption] Over ...

Uneasy Times At AP

Three top executives at African Petroleum PLC exit the company amidst allegations that the chairman is emasculating it via some improper trading and financial deals •Otedola: In dire straits.The crisis ...

The Halliburton Expose

The Federal Government is already in possession of a damning report that reveals the identities of Nigerians involved in the Halliburton bribery scandal. And it is not the final ...

Team Jonathan

Acting President Goodluck Jonathan allocates portfolio to the 38 new ministers. But there are fears that some of the new cabinet members may be square pegs in round holes [caption id="attachment_1772" ...

Questionable Oil Deal

An Alliance between the Nigerian National Petroleum Corporation and some foreign oil marketing establishments paves way for siphoning oil revenue At inception, Hyson Nigeria Limited and Calson Bermuda Limited were ...