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Ministry of Petroleum Resources

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.

Federal government sets boundaries for acreage management

The statement said energy professionals and consultants gathered by the ministry agreed that to achieve the new targets set by President Muhammadu Buhari’s administration for the Oil and Gas sector, there is need to put a sound and stress-free acreage management policy in place.
Grace Taiga, ex-director, Legal Services in the Ministry of Petroleum

$9.6 billion judgement: Grace Taiga confirms AGF got draft of P&ID agreement – witness

A principal witness, CSP Umar Babangida, on Wednesday alleged that Grace Taiga, a former director, Legal Services in the Ministry of Petroleum Resources, played a major role in the fraudulent gas supply agrrement between the Federal Government and Petroleum and Industrial Development (P&ID).
Lagos lawyer and human rights activist, Femi Falana

No need for loans if we recover $103 billion oil sale loss – Femi...

Femi Falana, a senior advocate of Nigeria (SAN), has asked the national assembly to work with anti-graft agencies for the recovery of “$103.7 billion lost on oil sale”.

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.
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.

P&ID scandal: Federal government to appeal $200 million conditional award for stay of execution

The Federal Government will appeal the order of a UK commercial court awarding $200 million conditional payment for granting stay of execution in a judgment debt against Nigeria over a botched gas contract.
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.

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.
Abubakar Malami

P&ID scandal: Nigeria may file fresh suit to challenge contract

Towards filing an appeal against a London court judgment which endorsed the $9.6 billion arbitration tribunal award to the Process and Industrial Development (P&ID) Limited, a Federal Government delegation which left Abuja for London on Saturday is expected to hold a press conference today to sensitise the global audience.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.

We have no plan to divest federal government’s stakes in joint-venture oil assets –...

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.

P&ID scandal: Suspect Grace Taiga remanded in prison

A Nigerian female accomplice of embattled P&ID firm, Mrs Grace Taiga, has been remanded in Suleja Prison according to an EFCC press statement.
The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria must bring down the cost of production of its crude oil as the country is currently a laughing stock in the way it runs business in the oil and gas sector.

Reduction of Nigeria’s oil JVs equity my priority – minister

The implementation of the proposed reduction of the federal government’s equity holding in the joint ventures in the oil industry is one of the priorities of the Minister of State for Petroleum Resources, Timipre Sylva.

New P&ID scandal suspect suffers from severe hypertension – lawyer

A former Director, Legal Services of the Ministry of Petroleum Resources, Mrs. Grace Taiga, standing trial in connection with the controversial P&ID $9.6bn judgment against Nigeria suffers from “a whole lot of ailments”, her lawyer, Ola Olanipekun (SAN), said on Friday.g
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

P&ID scandal: EFCC set to arraign another suspect

The Economic and Financial Crimes Commission will on Friday arraign another suspect linked to the controversial Gas Supply Project Agreement which led to the recent $9.6bn judgment given against Nigeria and in favour of Process and Industrial Developments by a British court.
An Ilorin, Kwara State lawyer Olarewaju Aluko and his client, Taiye Na’Allah, on Thursday sued the Economic and Financial Commission (EFCC) at a Kwara State High Court for alleged defamation of character.

P&ID scandal: EFCC set to charge ex-petroleum ministry official

The Economic and Financial Crimes Commission (EFCC) will today charge a former Director, Legal Services, Ministry of Petroleum Resources, Grace Taiga, to court.
Head of the Civil Service of the Federation, Mrs Winifred Oyo-Ita

President Buhari sends Winifred Oyo-Ita on indefinite leave

Nigeria’s President Muhammadu Buhari Wednesday directed the head of service Winifred Ekanem Oyo-Ita to proceed on an indefinite leave to allow conclusion of the investigation being carried out by the Economic and Financial Crimes Commission (EFCC).
Alfa Belgore, former Chief Justice of Nigeria (CJN), collected only $50,000 as consultancy fee in his legal advice that helped P&ID secure a $9.6 billion judgment against Nigeria.

Ex-CJN Alfa Belgore collected $50,000 consultancy fee from P&ID’s lawyers

Alfa Belgore, former Chief Justice of Nigeria (CJN), collected only $50,000 as consultancy fee in his legal advice that helped P&ID secure a $9.6 billion judgment against Nigeria.

BPP saves N26.86 billion from inflated federal government contracts in 2018

The Bureau of Public Procurement (BPP) says it saved more than N26.86 billion for the Federal Government in 2018 alone, by revising down inflated contract sums by government contractors.

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MTN budgets $1.6 billion to invest in Nigeria

The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight as the Mobile Telephone Network (MTN) budgeted 1.6 billion dollars to invest in the Nigerian market within the next three years.
Minister of Communications and Digital Economy, Dr. Isa Ali Pantami

WEF: Nigeria not in global social mobility ranking

Despite the federal government’s effort on technology, Nigeria could not be ranked among 82 countries in the Global Social Mobility Index 2020.
Borussia Dortmund arguably pulled off the deal of the month when they signed RB Salzburg striker Erling Haaland.

Erling Haaland’s bargain Borussia Dortmund release clause revealed

Borussia Dortmund arguably pulled off the deal of the month when they signed RB Salzburg striker Erling Haaland.
Manchester United have reportedly pulled out of negotiations with Sporting Lisbon over a deal to sign Bruno Fernandes.

Manchester United finally agree deal for Bruno Fernandes

The longest-running transfer saga of the January transfer window may finally be drawing to a conclusion after Manchester ​United reportedly agreed a deal for Bruno Fernandes.
Brendan Rodgers insists Leicester were the “better side over the two games” as Trezeguet scored an injury-time winner to send Aston Villa to Wembley after a 2-1 win.

Brendan Rodgers bemoans ‘definite penalty’ call in Leicester loss

Brendan Rodgers insists Leicester were the “better side over the two games” as Trezeguet scored an injury-time winner to send Aston Villa to Wembley after a 2-1 win.