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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.

Shell moves closer to new Bonga plan with NNPC deal

Akwa Ibom 2023: Udom Emmanuel s dilemma over Inoyo, Umo Eno, Akan Udofia

Akwa Ibom 2023: Udom Emmanuel s dilemma over Inoyo, Umo Eno, Akan Udofia
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President: With Reforms, We Saved Oil Industry from Collapse

Emmanuel Addeh in Abuja President Muhammadu Buhari yesterday gave insights into how the reforms initiated by his administration in 2015 saved the oil and gas industry from total collapse. He stated that the payments of huge cash call backlog owed the country’s Joint Venture (JV) partners took off a huge burden from the Nigerian National Petroleum Corporation (NNPC) while the current transparency drive in the oil corporation was also a product of the reforms. The president, at the presentation of four books written by a former Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, explained that the sector, which accounts for a huge source of foreign exchange for Nigeria, was in dire straits when he took over.

EFCC gets court approval to arrest ExxonMobil MDNigeria — The Guardian Nigeria News – Nigeria and World News

A Federal High Court, Abuja has given the Economic and Financial Crimes Commission (EFCC) the permission to arrest the Managing Director of ExxonMobil Nigeria, Richard Laing. EFCC Spokesman, Wilson Uwujaren who disclosed this yesterday in Abuja, said Justice Okon Abang on Friday, January 29, 2021, granted the commission’s application for a bench warrant to arrest Laing. He said the EFCC approached the court for a warrant after Laing snubbed three invitations from the commission. “EFCC is investigating alleged procurement fraud in the Major Integrity Pipelines Project involving Mobile Producing Nigeria, Suffolk Petroleum Services Limited, Saipem Contracting Nigeria, Global Offshore Limited and Van Ord as sub-contractor to SPSL.

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