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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.
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.”
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 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).
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.
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.
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.
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.
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.
Everton summer signing Alex Iwobi begs Bournemouth midfielder Philip Billing to represent Super Eagles instead of Denmark.
Parma have announced Ivory Coast international Gervinho has signed a contract extension, keeping him at the club until 2022.
Bernardo Silva and Cristiano Ronaldo both got on the scoresheet as Portugal ran out 3-0 winners over Luxembourg on Friday night.
According to AS, Real Madrid want to sign Tottenham Hotspur midfielder Christian Eriksen in January after failing with a move during the summer.
The 2019/20 Nigeria Professional Football League (NPFL) season has now been fixed to commence on November 3 with defending champions Enyimba starting out against Nasarawa United.