Abubakar Malami

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.

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.

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 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.

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 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.

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.

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.

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.”

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.

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).

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 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.

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.

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 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.

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).