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Abubakar Malami

Federal government insists Shell, Mobil, Chevron, others should pay $62 billion

The federal government has vowed to recover over $62 billion it claims as arrears of profits due it from 1998 under the production sharing contracts (PSCs) between the Nigerian National Petroleum Corporation (NNPC) and its joint venture partners.
President Muhammadu Buhari on Thursday met behind closed doors with the Liberian President, George Weah.

Crisis brews over transfer of NDDC to Niger Delta ministry

The recent decision by President Muhammadu Buhari to cede the supervision of the Niger Delta Development Commission (NDDC) to the Ministry of Niger Delta Affairs may be challenged in court by some aggrieved lawyers.

Official: Federal government set to recover $62 billion from oil majors

The federal government, through its attorney-General, Abubakar Malami, says it is determined to recover over $62 billion from multi-national oil companies for ‘under-payment’ to the country since 1998.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC secures order to extend Abdulrasheed Maina, son’s detention over ‘N2.1 billion fraud’

The Economic and Financial Crimes Commission has secured an order of the Federal Capital Territory High Court, Bwari, to detain former Chairman of the Pension Reform Task Team, Mr Abdulrasheed Maina and his son, Faisal, in its custody pending the conclusion of ongoing investigation.
The Nigeria Union of Teachers (NUT) has bestowed the award of the ‘2019 Best Performing Governor’ on the Governor of Edo State, Mr. Godwin Obaseki.

Edo governor receives NUT best performing governor award

The Nigeria Union of Teachers (NUT) has bestowed the award of the ‘2019 Best Performing Governor’ on the Governor of Edo State, Mr. Godwin Obaseki.

P&ID scandal: Court didn’t consider Nigeria’s fraud allegations – UK judge

Indications have emerged that Nigeria’s plans to have the $9.6bn awarded in favour of Process and Industrial Developments nullified on the grounds of the allegation of fraud regarding the Gas Supply Processing Agreement may fail.
President Muhammadu Buhari on Thursday met behind closed doors with the Liberian President, George Weah.

President Buhari to initiate policies to attract teachers to rural communities

President Muhammadu Buhari says his administration will provide vibrant policies that will provide allowances and initiate annual retention benefits for teachers in order to attract them to rural communities.

Abdulrasheed Maina ‘arrested’ in Abuja

Operatives of the Economic and Financial Crimes Commission (EFCC) and the Department of State Service (DSS) has arrested former Chairman of the Pension Reform Task Force, AbdulRasheed Maina.
President Buhari at the event

SERAP: Why President Buhari’s government is undermining judiciary

The Socio-Economic Rights and Accountability Project (SERAP) has said failure to publish and fully implement the recommendations of the report on financial autonomy of state legislature and judiciary, was the reason the government of President Muhammadu Buhari has continued to disregard the judiciary.
President Muhammadu Buhari in his goodwill message to the Esogban by the Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, joined members of Edebiri family, friends and well-wishes in celebrating an important and respected son of Bini Kingdom’s rich culture and heritage.

SERAP urges President Buhari to implement report on financial autonomy for judiciary

Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari urging him to use his good offices and leadership position to “urgently publish and fully implement the recommendations of the report on financial autonomy of state legislature and judiciary submitted to you in June 2019.”

Lawyer asks court to sack FIRS chief

A lawyer, Stanley Okwara, has sued the Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, at the Federal High Court in Kano. The lawyer wants the court to sack Fowler from office for allegedly overstaying his tenure.
President Buhari departs Abuja for New York, USA ahead of the 74th Session of United Nations general Assembly on 22nd Sep 2019

Union lauds President Buhari for sacking tribunal chairman

The Amalgamated Union of Public Corporations Civil Service Technical and Recreational Services Employees (AUPCTRE) has commended President Muhammadu Buhari for removing Mr. Siaka Isiah Idoko-Akoh as the Chairman, Investment and Securities Tribunal (IST).
Abubakar Malami

P&ID scandal: Federal government pleased with UK court stay of execution order

The Federal Government has expressed pleasure with the UK Court Stay of Execution Order of the $9.6bn judgment it delivered in favour of Process and Industrial Developments in August.
The Minister of Information and Culture, Alhaji Lai Mohammed has assured the international community that President Muhammadu Buhari’s new administration will be more determined in the fight against corruption.

Nigeria hopeful of setting aside N9.6bn judgement debt – minister

The Minister of Information and Culture, Alhaji Lai Mohammed, has expressed optimism that the entire arbitration decisions and judgment debt of N9.6 billion against Nigeria by a UK court over a botched gas contract would be set aside.

UK Judge: Nigeria must pay $200 million to stay execution of $9.6 billion judgment...

Reprieve came the way of Nigeria on Thursday as a UK Commercial Court granted a stay of execution of the $9.6 billion judgment debt made against the country over a botched gas contract.

Nigeria to shift battle over $9.6 billion judgment debt to UK appeal court

The battle between Nigeria and Process and Industrial Developments (P&ID) over the bid to stop the company from attaching the country’s assets to recoup the $9.6 billion arbitral claim it secured last month, is set to shift to the United Kingdom Appeal Court.
The President of the Senate, Ahmad Lawan, has unreservedly condemned the shameful assault on former Deputy President of the Senate, Senator Ike Ekweremadu, on Saturday in Nuremberg, Germany.

Senate calls for improved palm oil production

The Senate on Tuesday called on Federal Government to support improved production of palm oil to meet domestic need of the market and increase exports for forex exchange earnings.
President of the Senate, Ahmad Ibrahim Lawan, said on Tuesday that all standing committees of the upper chamber will be inaugurated on Wednesday.3

Senate Invites Malami, Others Over P&ID $9.6b Judgment

The Senate Tuesday invited Nigeria’s attorney-general and justice minister Abubakar Malami to explain the state of a $9.6b judgement debt involving the country and an Irish firm Process and Industrial Developments Limited (P&ID).

Recent Stories

National Bureau of Statistics NBS

NBS: Inflation rate now 11.24 per cent

The National Bureau of Statistics (NBS) on Tuesday released the Consumer Price Index (CPI) which measures inflation with the index rising to 11.24 per cent in September.
Charles Oputa, popularly known as Charlyboy

Charly Boy set to perform at 2019 ‘Felabration’ Festival

Maverick entertainer and activist, Charles Oputa, popularly known as ‘Charly Boy’, is set to perform at the 2019 annual Felabration fiesta, a week-long celebration of the life and times Fela Anikulapo-Kuti.
The Kebbi State border operations of the Nigerian Customs Service (NCS) has seized over 379 gallons of smuggled oil, four bags of Moringa snuff, 59 bags of fertilizer and other prohibited items smuggled into Nigeria through illegal routes from neighboring countries.

Joint Customs-Miltary patrol kill alleged smuggler in Babura

A joint border patrol team of Customs and Military officers gunned down a suspected rice smuggler yesterday in the Babura Local Government Area of Jigawa State.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Absence of three defendants stalls ‘UNILAG gang-rape’ trial

The absence on Tuesday of three of the five students of the University of Lagos (UNILAG), facing trial for allegedly gang-raping a student of the institution has stalled their criminal trial.
The Speaker of the House of Representatives, Femi Gbajabiamila, has called for an improved welfare package for teachers in Nigerian as they join their colleagues globally to mark this year’s World Teachers’ Day. 8

Speaker Gbajabiamila: Nigeria better with equal representation of women in politics

Speaker, House of Representatives, Femi Gbajabiamila, has attributed the poor socio-economic and political situation in Nigeria to the inadequate participation of women in active politics.