The Federal Government has reportedly sued JP Morgan Chase for $875 million over funds paid for the contentious oil prospecting licence (OPL) 245. The government has accused JP Morgan of gross negligence in transferring part of the $1.3 billion payment made by Shell and Eni to secure the oilfield deal from Malabu Oil and Gas,
The burial committee set up to plan a state burial for late Alex Ekwueme says the former vice-president will be buried on February 2. Mustapha Boss, secretary to the government of the federation (SGF), made this known while briefing reporters in Abuja on Thursday. Mustapha, who is the chairman of the committee, was represented by
Ahead of the 2019 general elections, President Muhammadu Buhari has called on politicians and political parties to pledge their commitment to the peaceful democratic process. The president made the call in Abuja Thursday in his keynote speech as Special Guest of Honour at the 15th Daily Trust Dialogue with the theme “Nigeria and the Challenges
Senate President Bukola Saraki has reacted to an ongoing investigation into “discrepancies” in fuel subsidy, saying its reintroduction is fraudulent. Saraki made this known in a statement when the Senate resumed on Wednesday. According to him, ongoing debates in the senate were aimed at enforcing reforms in the oil and gas sector, including bringing an
The National Economic Council, NEC, has set up a ten-member committee to address the widespread farmers/herders clashes across the country. The committee is headed by Vice President, Professor Yemi Osinbajo and includes nine governors. Briefing State House correspondents after the NEC meeting, the Kano State Governor, Abdullahi Ganduje, said the committee has as members governors
SOKOTO State Governor, Aminu Tambuwal said his administration will support the federal government in ensuring success of exploration activities in the Sokoto Basin. According to him, Governors of Sokoto, Kebbi, Zamfara and Katsina states are willing to partner with relevant agencies to facilitate the exploration of both ethanol and hydrocarbon resources in the basin. He
The trial of ex-National Security Adviser (NSA), Colonel Sambo Dasuki (retd), at the Federal High Court, Abuja, was on Wednesday stalled due the absence of the defendant’s counsel, Mr Joseph Dauda (SAN). The News Agency of Nigeria (NAN) reports that Dasuki is standing trial on allegation bordering illegal possession of firearms and money laundering. Justice
The Socio-Economic Rights and Accountability Project (SERAP) on Wednesday urged the Federal Government to establish a Trust Fund for victims of attacks by herdsmen across the country. A statement signed by SERAP’s Deputy Director, Mr Timothy Adewale, in Abuja said that the trust fund would be an important first step towards justice for victims and
The Minister of Justice and the Attorney General of the Federation, Abubakar Malami has disclosed that over N16m was paid by Kano state government for the release of 368 inmates, including two women from the 10 prisons across the state. The Attorney General made this known during a brief ceremony at the Kano Central Prison
STUDENTS of Children International School (CIS) in Lagos on Wednesday donated 3,000 bags of sanitary kits to Nigerian soldiers fighting the insurgency in the North-East. The News Agency of Nigeria (NAN) reports that the items comprised of recharge cards, toilet rolls, beverages, toothpaste, and toothbrushes as well as “Thank You Cards”. Miss Ruky Patrick, Coordinator