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EXPOSED: Petroleum Minister, Cronies Plot Kangaroo NNPC Report To Divert $650million Oil Contracts To Themselves The decision to hurriedly sell the OMLs had been conveyed in a letter signed by the Director of the Department of Petroleum Resources, the industry’s regulatory agency. by SaharaReporters, New York Apr 26, 2021 The last may have not been heard about the mega fraud concerning four Oil Mining Leases formerly operated by the Addax Petroleum Nigeria Limited, which are being plotted to be diverted to proxy firms linked to the Minister of State for Petroleum Resources, Timipre Sylva, a...

The last may have not been heard about the mega fraud concerning four Oil Mining Leases formerly operated by the Addax Petroleum Nigeria Limited, which are being plotted to be diverted to proxy firms linked to the Minister of State for Petroleum Resources, Timipre Sylva, and President Muhammadu Buhari’s nephew, Mamman Daura. Sylva has set up a kangaroo committee of the Nigerian National Petroleum Corporation headed by Senator Magnus Abe to look into the four leases – OMLs 123, 124, 126 and 137 – which were all operated by Addax Petroleum Development Nigeria Limited but which were being ...

2 Min Read A sign is pictured outside the headquarters of Addax Petroleum in Geneva, Switzerland March 25, 2017. REUTERS/Denis Balibouse/File Photo ABUJA (Reuters) - Nigeria’s president restored four oilfield licences to Addax, a company controlled by China’s Sinopec, his office said in a statement, overruling a previous revocation from the country’s petroleum regulator. The restoration of the fields roughly three weeks after the Department of Petroleum Resources rescinded them was aimed to ensure “commitment to the rule of law, fairness and enabling a stable business climate for inv...

ON THE GO Insecurity: Zamfara orders immediate closure of four markets The Zamfara government has ordered the immediate closure of four markets in the state.Advertisement The development comes hours after 30 people were reportedly killed when gunmen attacked some communities in... Reps vote against bill seeking to limit cases for supreme court A bill seeking to reduce the category of appeals that get to the supreme court suffered a setback in the house of representatives on Thursday.Advertisement The bill was being considered... Abdul Samad Rabiu donates N1bn to University o...

Eromosele Abiodun In a bid to halt capital flight occasioned by dry docking of vessels outside Nigeria, the vessel management company of the Nigeria Liquefied Natural Gas (NLNG), thNLNG Ship Management Limited (NSML), is working with its foreign partners to set up a standard dry-docking facility in the country. The Managing Director, NMSL, Abdul-Kadir Ahmed, disclosed this. Ahmed said the planned facility, when fully operational will put an end to capital flight and conserve the much-needed foreign exchange for Nigeria. He stressed that none of the dockyards available in Nigeria could dry-doc...