Buhari scraps fuel subsidy, cut petrol price to N85 per litre

Buhari scraps fuel subsidy, cut petrol price to N85 per litre

The Minister of State for Petroleum, Ibe Kachikwut announced on Friday that it has scrapped the Petroleum Support Fund, also known as fuel subsidy.

Speaking to journalists at the Port Harcourt refinery where he had spent Christmas inspecting the facility, the Minister of State for Petroleum, Ibe Kachikwu, said the government could no longer pay the subsidy due to the fraud tainting the scheme.

‘Dasuki helped Boko Haram with arms importation’

The former National Security Adviser, Col. Sambo Dasuki, has been allegedly named as one of the sponsor for Islamic insurgents, Boko Haram, aiding the group by importing illegal arms into the country.

This revelation was made by the National Task Force on Illegal Importation of Firearms (NATFORCE) on Tuesday, December 1, 2015, where it was also alleged that the arms were delivered to the terrorists.

Dasuki Points Ex-Governors, PDP Chiefs In $2b Deals

The former National Security Adviser (NSA) Sambo Dasuki who was arrested  by the Department of State Services (DSS) on Tuesday, December 1 is alleged to have made some astonishing revelations concerning the $2billion arms deal.

He has since been transferred to the Economic and Financial Crimes Commission (EFCC) and a Federal Government committee  who are now probing the case.  A source close to the EFCC said

Nigerian court cancels election of oil-rich Rivers state governor

The election of a member of former president Jonathan Goodluck's party has been nullified for irregularities

A Nigerian court on Saturday nullified the election of the governor of the oil-rich Rivers state on the grounds of irregularities and ordered a fresh vote within 90 days.

BREAKING: Oscar Pistorius released from jail

Olympic and Paralympic star Oscar Pistorius during testimony

Olympic and Paralympic star Oscar Pistorius is to be released on correctional supervision, or house arrest, on Tuesday 20 October.

Pistorius was jailed following the hearing of a case against him for killing his girlfriend, Reeva Steenkamp.

Once a poster boy for disabled sport, Oscar has been stripped of lucrative endorsement deals by global brands and has withdrawn from all competition.

$181m Debt: Nigeria delays plan to cut gas supply to Ghana

President Muhammadu Buhari of Nigeria and his Ghanian counterpart, John Mahama

Nigeria will delay a plan to drastically cut gas exports to Ghana from Friday while the two sides hold emergency talks over an outstanding debt of $181 million, the West African Gas Pipeline Company (WAPCo) said.

Ghana already faces electricity blackouts and the threat to cut supply by 70 percent could have worsened the problems and presented an extra headache for the government.

Again, N’Assembly seeks President’s assent to constitution amendment bill

National Assembly members

• Dogara receives 2015 elections EU observer report
in a bid to strengthen democracy and good governance in the polity, the National Assembly would soon resubmit portions of the fourth constitution amendment Bill to President Muhammadu Buhari for assent.

Speaker of the House of Representatives, Mr. Yakubu Dogara, made this known yesterday when he received report of the 2015 elections European Union Observer Mission in Nigeria from the Chief Observer, Mr. Santiago Fisas, in his office.

DSP Alamieyeseigha Slumps, Dies At 63

Peter Alamieyeseigha

FORMER Governor Of Bayelsa State, Chief Diepreye Solomon Peter Alamieyeseigha died at the University of Port Harcourt Teaching Hospital (UPTH), yesterday, presumably from cardiac arrest. He was aged 62 years.

According to a prominent Ijaw leader, close to the Alamieyeseigha family, the deceased had earlier been rushed to the hospital from Bayelsa State, following a rise in his blood pressure.

FCC probes Centenary City project

In response to demands by some Nigerian youths, the Economic and Financial Crimes Commission (EFCC) has commenced investigation into the award and execution so far of the Centenary City Project in Abuja.

The contract was awarded by the Office of the Secretary to the Government of the Federation (SGF), under the last administration.

What Buhari Did That Shocked Tinubu, Osinbajo - Ministerial List

Ministerial List - Geopolitical zones lobby for ‘juicy’ portfolios

A cold war is brewing among top leaders of the All Progressives Congress (APC) over the ministerial list released last Wednesday by President Muhammadu Buhari, New Telegraph gathered at the weekend.

How NNPC officials stole billions from NNPC Purse Using failed electronic management project

How NNPC officials stole billions from NNPC Purse Using failed electronic management project

An enterprise resource solution for accountability in the Nigerian National Petroleum Corporation, NNPC’s business processes, turned a spin project for crooked top officials to steal billions, a report reveals.

Britain right to demand Alamieyeseigha’s extradition – Sagay

Alamieyeseigha

The Chairman, Presidential Advisory Committee on Corruption, Prof. Itse Sagay, says the United Kingdom has every legal right to demand for the extradition of a former Governor of Bayelsa State, Diepreye Alamieyeseigha, to London.

The British High Commissioner to Nigeria, Andrew Pocock, had said Alamieyeseigha, who was pardoned by former President Goodlcuk Jonathan, has an outstanding case of money laundering to answer in the UK and that the UK government will not give up until Alamieyeseigha is brought to justice.

Pocock had said, “The former governor skipped bail in the UK on a charge of money laundering and returned to Nigeria. So, he has an outstanding charge in the UK, which is there for him to answer.

“We have already discussed it and the Nigerian government knows our views. But we would like to see him return and answer the charge in the UK.”

However, former President Jonathan’s Senior Special Assistant on Public Affairs, Doyin Okupe, had said there was no need for Nigeria to send Alamieyeseigha to the UK since he had been punished and pardoned by the President.

Crude Oil Theft: Experts Canvass Change Of Crude Trade Policy

PHOTO: sweetcrudereports.com

As Crude Carriers Shun Nigeria Waters Over NNPC Conditionality
THE refusal by some crude carriers to lift Nigerian crude oil because of the new requirement involving presentation of Letter of Comfort from their owners, has led to some stakeholders clamouring for a change of trade policy with Nigeria’s foreign trading partners.

Specifically, they urged the Federal Government to use the opportunity to change crude trade policy from Free On Board (FOB) to Cost Insurance and Freight (CIF)

Architects allege breach in National Assembly’s N52 billion building contract

An illustration of the on-going National Assembly Legislative studies complex

The National Assembly building project, which under normal circumstances, is set for delivery around November this year, already generating some controversies, as Nigerian architects are already alleging some sorts of breach in its handling

FOLLOWING allegation of non-compliance with due process, Nigerian architects have indicated their readiness to call for the probe of the on-going National Assembly world-class permanent site for legislative studies, located in the heart of the Federal Capital Territory, Abuja.

General Assembly to hold election for 5 Security Council seats

United Nations Secretary-General Ban Ki-moon

The 70th session of the UN General Assembly is scheduled to hold elections for the non-permanent seat on the UN Security Council on Thursday, Oct. 15.

This is contained in the Security Council Annual Special Research Report issued on Monday in New York.

Buhari finally speaks out on Alison-Madueke’s arrest in London

The Nigerian presidency has confirmed the arrest of a former Petroleum Minister, Diezani Alison-Madueke, in London, over allegations of corruption and money laundering.

“The government is aware of the arrest and all the government investigative agencies are working very closely with the British law enforcement,” the Senior Special Assistant to the President, Garba Shehu, told Chat212 FM Reporter exclusively on Sunday.

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