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Ministry of Petroleum Resources
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.
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).
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”.
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 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 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.
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.
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.
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 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.
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 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.
The Economic and Financial Crimes Commission (EFCC) will today charge a former Director, Legal Services, Ministry of Petroleum Resources, Grace Taiga, to court.
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.
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.
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.
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.
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.
The fire gutted Sabo market in Sagamu, Ogun State early Tuesday morning.
Chelsea manager Frank Lampard is facing an anxious wait to learn how long England striker Tammy Abraham will be sidelined with his ankle injury.
Following the outbreak of a deadly virus known as Corona Virus in China that has since killed six people, with over 300 also reported to have been infected, the Federal Airports Authority of Nigeria, FAAN, yesterday said it has deployed thermal scanners in all airports that monitor the temperature of passengers and capture their pictures.
Nigerian Afro-fusion singer, Damini Ogulu, better known as Burna Boy, has lost the Best World Music Album trophy to Beninese ace singer, Angélique Kidjo, at the 62nd Grammy Award.
Residents of Ureje in Ado-Ekiti, Ekiti State, have bemoaned the deplorable state of Ureje Bridge connecting Ado-Ekiti to Abuja, and Ikare-Akoko in Ondo State.