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By Ike Uchechukwu There are speculations that Federal Government may have lost over N1.2 trillion in oil revenue following the alleged breach of the 2000/2001 fiscal incentive package conditions by SINOPEC-ADDAX. In a statement issued in Calabar at weekend, the Senator representing Cross River Southern Senatorial district in the senate, Senator Gershom Bassey said he had earlier sponsored a motion on the floor of the house drawing the attention of government to that effect. Accordingly, he said the Senate has mandated the Senate Committee on Petroleum Upstream and Senate Committee on Gas to â...

By Musa Baba Adamu The Senate on Tuesday constituted a seven-man Adhoc committee to investigate a N1.2 trillion oil revenue loss to the Federal Government owing to a breach by SINOPEC ADDAX Petroleum. The adhoc Committee which is chaired by Senator Aliyu Sabi Abdullahi (APC – Niger North) has six other members which include: Gershom Bassey; Biodun Olujimi; Ahmad Baba Kaita; Jubril Isah; Michael Nnachi; Clifford Ordia; and Haliru Jika. The decision to investigate the revenue loss due to the Federal Government was conveyed in a resolution by the Upper Chamber after it considered a motion...

Senate constitutes Adhoc Committee to investigate alleged N1.2trn oil revenue loss Senate constitutes Adhoc Committee to investigate alleged N1.2trn oil revenue loss Share The Senate, on Tuesday, constituted a seven-man Adhoc committee to investigate a N1.2 trillion oil revenue loss to the Federal Government in its upstream oil sector. SINOPEC ADDAX Petroleum is being fingered as the multinational oil firm responsible for the loss. Senator representing Niger North, Aliyu Sabi Abdullahi is to chair the Adhoc Committee which has six other lawmakers as members. The investigative team include; G...

Defense, he talked about the tombstones littering the american landscape. a lot of those factories are still rusted out. some of those jobs he promised to bring back like carrier. right? when he was elected, a lot of those jobs lost. harly davidson, for instance, had to sort of outsource jobs because of this instability of that plant in foxconn. it was supposed to bring 13,000 jobs. looks like it will bring about a hundred jobs during a big incentive package at the state of wisconsin. a a lot of those very specific promises to very specific people particularly working class folks in mid wester...

>> republican governor doug doocy of arizona retaliating against nike ordering the state to revoke a financial incentive package for the company to build a plant outside phoenix. in a twist, georgia lore, the mayor of goodyear where the plant is to be built, says she will honor the deal with nike. new fallout from the ground in the boeing 737 max fleet. american airlines becoming the first to cancel a route, eliminating its direct flights between dallas and oakland. american, united, and southwest have each canceled hundreds of daily flights due to the worldwide grounding of the 737 max in m...