“We call on the National Assembly to expedite parliamentary actions for speedy passage of the bill for the purposes of engendering transparency, accountability and commensurate returns in the operations of Oil and Gas sector, we believe will further enhance the visibility and attractiveness of the sector to both foreign and local investors.”
Kunle Kalejaye 05 April 2017, Sweetcrude, Lagos — The Economic and Financial Crimes Commission, EFCC has been charged to produce…
The plan was specifically designed to take the country out of the recession and in the long term, continue to grow the economy while planning of the 2017 was also based on the ERGP to accelerate speedy recovery and development of infrastructure.
“The major challenge they say is the non-dredging of the Calabar channel. We are expecting the draught to be deepened but as it is now, no big or container-laden vessel can come into the port. If the port is dredged, imports and exports would thrive.”
The committee alleged that one of the indicted companies, H. A. R Petroleum Services Limited, obtained forex worth $11,878,471.67 at the bid rate of 160.01 for importation of PMS in January 2015 and an additional sum of $14,607,992.69 at the bid rate of 310 for importation of PMS in June 2016.
“Considering the difficulties the government has been facing securing as little as $1billion foreign loan, recovering these funds will significantly enhance government’s fiscal position in the short term,” Mr. Adio said.
Ogunbiyi said, “We have listened to all the complaints from people across the state and I want to assure you that we will sack any of our staff found wanting in the discharge of his or her duties such as illegal collection, extortion of money from our customers and other illegalities.”
Kunle Kalejaye 05 April 2017, Sweetcrude, Lagos — The Supreme Court of the United Kingdom in a unanimous judgment has…
Chuks Isiwu 05 April 2017, Sweetcrude, Lagos – The Nigerian National Petroleum Corporation, NNPC, said in a statement Tuesday that…
04 April 2017, Sweetcrude, Lagos – Nipco Plc, an indigenous Nigerian downstream oil and gas company, says it has completed its…
