Omokore and his companies are standing trial along with Membere, Victor Briggs, former managing director of Nigerian Petroleum Development Company, NPDC; and David Mbanefo, manager, Planning and Commercial of the NNPC. They were re-arraigned on November 21, 2016 on a nine-count amended charge,of criminal diversion of about $1.6 billion alleged to be proceeds of petroleum products belonging to the federal government.
Osinbajo signed the budget at about 4:41pm on Monday inside the Presidential Villa, Abuja in the presence of the principal officers of the National Assembly, presidential aides and other top government officials.
Following the expiration of the deadline, NERC further directed that MD customer that was not metered by March 1, shall not pay any electricity bill presented by a distribution company on the basis of estimated billing methodology.
12 June 2017, Sweetcrude, Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $45.48 a barrel…
Michael James 11 June 2017, Sweetcrude, Lagos — Nigeria LNG Limited’s NLNG has revealed that it has no outstanding dividend…
11 June 2017, Sweetcrude, Abuja — The Nigerian Electricity Regulatory Commission (NERC) has advised electricity consumers not provided with prepared…
Ike Amos 10 June 2017, Sweetcrude, Abuja — The Nigerian National Petroleum Corporation, NNPC, Saturday, stated that cases of pipeline…
“We need the governance bill to set up the framework for the following as stated in the governance bill document – Create efficient and effective governing institutions with clear and separate roles, establish a framework for the creation of commercially oriented and profit driven entities, promote transparency and accountability and finally foster a conducive business environment.”
“KRPC is the hub of engineering practice in this part of the country as about 75 per cent of its workforce are engineers. We therefore restate our resolve to continue to work hand in hand with the NSE towards enhancing the engineering profession.”
However, pipeline sabotage in the country increased from 49 downstream pipelines vandalized points in February 2017 to 94 in March 2017. This represents over 91 per cent increase relative to the previous months despite Federal Government’s and the NNPC’s continuous engagement with the stakeholders. Nevertheless, there is a noticeable improvement compared to corresponding period of March 2016 which posted 259 cases.
