The Socio-Economic Rights and Accountability Project (SERAP) has filed a contempt suit against the Nigerian government and the Attorney General of the Federation and Minister of Justice (AGF), Abubakar Malami (SAN), over failure to recover over N40 billion double pay and life pensions from former governors who are serving as lawmakers and ministers.
Judge Berates Counsel for Lack of Diligent Prosecution of Case thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
The introduction of technology in the nation’s oil and gas industry will enhance transparency and accountability, writes Jackson Onyukwu
The Department of Petroleum Resources (DPR), is the statutory regulatory agency for petroleum in Nigeria. Oil is the main foreign exchange earner for the nation. Therefore oil is the fiscal breath of Nigeria.
This explains why all eyes are on crude oil. Government officials are watching. Nigerians can’t stop talking crude and its value chain. This places a huge burden on DPR. It must be alert and alive to its duties otherwise the nation loses. From its journey in 1971 functioning with different names under different ministries through 1988 when it was renamed DPR and given full autonomy to regulate the petroleum industry till late 2019, DPR has discharged its responsibility to the best of its ability. But question marks still persisted on its ability and courage to stop the haemorrhage in both the upstream and downstream sectors of the industr
Court blocks Shell’s bank accounts
Reallocation of crude oil volume from Nigeria’s Bonny Terminal between 2016 and 2018, following gaps in metered volume between oil majors and some indigenous firms, is responsible for allegations of crude theft in the nation’s onshore operations.
The calibration of a “2×12” Coriolis flowmeter installed by Shell Petroleum Development Company Nigeria (SPDC) at the inlet of the Nembe Creek Trunk Line (NCTL) into Bonny Terminal for custody transfer measurement and allocation purposes raised gaps in crude volume reconciliation among operators.
Findings from the Department of Petroleum Resources in 2018 had shown that the NCTL facility was installed by SPDC as a temporary arrangement, pending completion of the permanent LACT unit. With the commissioning of the permanent LACT in 2018, the Federal Government, through the Department of Petroleum Resources (DPR), reallocated volumes to address shortfalls and technical allowable.