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Reps committee report on OPL 245 compromised – Adoke • It’s our duty to protect national interest – Reps

Jul 18, 2013

The Attorney-General of the Federation and Minister of Justice, Mr. Mohammed Adoke (SAN), on Wednesday alleged that the report of the ad hoc committee of the House of Representatives was authored by some people who compromised their positions. He also urged the House not drag the Federal Government and himself into the controversy surrounding the…

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Militants’ pipelines protection contract part of amnesty deal – Presidency

Jul 18, 2013

The Presidency has defended the award of multi-million Naira pipeline protection contract to former Niger Delta warlords, saying that the action was part of the lifeline offer under the Presidential Amnesty Programme. Special Adviser to the President on Niger Delta Affairs, Mr. Kingsley Kuku, made the position known while, announcing the new Head of Department…

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AGF summoned over US $1.3 billion Malabu oil deal

Jul 17, 2013

The House of Representatives, yesterday, summoned the Attorney General of the Federation and Minister of Justice, Mr Mohammed Adoke, SAN, to appear before its Committee on Justice to explain how he got information on a yet to be released report on the Malabu oil deal. In a resolution, the House mandated the committee to set…

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Lawmakers link executive lethargy to delayed passage of PIB

Jul 17, 2013

The House of Representatives has expressed its disappointment with the level of commitment shown by the executive arm of government in the processes that will ensure the quick passage of the Petroleum Industry Bill (PIB) is currently before it. The Chairman, House of Representatives Committee on Judiciary, Dr. Ali Ahmad, stated Tuesday in Abuja that…

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13% derivation: Oil communities fault payments into state govt accounts

Jul 17, 2013

Oil and gas producing communities in Akwa Ibom state have joined their voices in calling for payment of 13 per cent derivation direct to the communities, saying that their demands are within the confines of the law of the land. In a memo to the Chairman, Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, in Abuja,…

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Electricity tariff is fair, reasonable – NERC

Jul 16, 2013

The Nigerian Electricity Regulatory Commission (NERC)  Monday asked the Nigeria Labour Congress (NLC) to substantiate its claims of arbitrary increase in electricity tariff as well as its accusation of the commission for including fixed charges as a component in the new electricity tariff. NERC, which responded to comments attributed to the President of NLC, Abdulwaheed…

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PIB: Service providers want single regulator

Jul 16, 2013

The Oil and Gas Service Providers Association of Nigeria (OGSPAN) has canvassed the provision of one strong, viable and independent regulator for both the upstream and downstream sectors of the petroleum industry in the Petroleum Industry Bill (PIB); as opposed to the two regulators proposed in the reform bill. (OGSPAN) is a body incorporated under…

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Oil producing firms in N Delta face possible losses over 2015 elections

Jul 16, 2013

Oil producing firms in the Niger Delta risk losing their investments to pre- and post-2015 election conflicts unless urgent steps are taken to avert such crises, the United States Institute for Peace, has said. In a special report, titled: What next for security in the Niger Delta, the group said major conflict drivers were still…

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Senate won’t rush into passing PIB, says panel

Jul 16, 2013

The Senate will not rush the passage of the Petroleum Bill (PIB) into law to avoid shortchanging Nigerians, the Chairman of its Committee on Gas Resources, Senator Nkechi Nwaogu, has said. She said efforts were being made to ensure the speedy passage of the Bill, adding that it was the desire of the committee to ensure that…

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FAAC distributes N718.1bn to FG, states, LGs

Jul 16, 2013

The Federation Accounts Allocation Committee on Monday distributed the sum of N718.10bn among the three tiers of government. The allocation, which is for the month of June, represents an increase of N27.60bn over the N620.56bn shared in the month of May. The Minister of State for Finance, Dr. Yerima Ngama, who briefed journalists at the…

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