Author Archive of Integrity

Controversial OML 30: NUPENG, stakeholders fault choice of Heritage Oil

All has certainly not been heard on the award of a 45 per cent equity in one of Nigeria’s more lucrative oil blocks, OML 30, to Heritage Oil, a relatively unknown British-based firm whose promoter and CEO, Tony Buckingham, is reputed to have bankrolled military coups in African states. Isaac Aberarem, Secretary General of the National Union of Petroleum and Natural Gas Workers (NUPENG), said any “competitive bidding process that led to the emergence

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Arepo Explosions: NNPC officials aiding, abetting vandals – Amosun

Ogun State Governor, Senator Ibikunle Amosun, Sunday, accused officials of National Petroleum Corporation, NNPC, of conniving with vandals to wreak havoc on the country’s economy through pipeline vandalism. He said this following the fire at the corporation’s pipeline at Arepo village in Obafemi-Owode Local Government Area of the state, which claimed unsuspecting number of lives. Meanwhile, the Arepo explosion has disrupted fuel supply to South-Western

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PIB, constitution review, budget our priorities –Reps

The controversial Petroleum Industry Bill and the review of the 1999 Constitution are among top issues on the agenda as members of the House of Representatives reconvene on Tuesday (tomorrow) after the Christmas/New Year break. The Deputy Chairman, House Committee on Media and Pubic Affairs, Mr. Victor Ogene, told The PUNCH on Sunday that “work on the PIB will be hastened as we resume”. He added, “We have the constitution review ongoing,

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Corruption Under Jonathan Is Too Much – Obasanjo

Former president Olusegun Obasanjo yesterday said the current level of corruption in Nigeria is assuming an unimaginable proportion and mind-boggling. In another development, the inspector-general of police, Mohammed Abubakar, has blamed the craze for the nation’s oil wealth for the current insecurity in the country. Obasanjo who spoke on a CNN interview programme yesterday said while the level of corruption in the country was rising, Jonathan’s

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N161bn Subsidy Budget Given To CBN Dec 31 – Okonjo-Iweala

The N161.6 billion supplementary budget for subsidy payments which had been approved by the National Assembly has been made available to the Central Bank of Nigeria since December 31, 2012, the Federal Ministry of Finance said yesterday. The Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala, who refuted media reports alleging that the Ministry was blocking verified payments to marketers, also disclosed that fuel

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$1.5bn Fuel Debt Loan By NNPC Illegal – NASS

Both chambers of the National Assembly yesterday separately faulted the $1.5 billion loan reportedly secured by the Nigerian National Petroleum Corporation (NNPC) to pay off debt owed international fuel traders. The lawmakers described the loan as illegal because it was not approved by the National Assembly. But the NNPC has said it operated within the law in borrowing the $1.5 billion (about N240 billion) from foreign banks to pay its debts to international

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North, South clash looms over PIB

A North-South clash is looming over the controversial Petroleum Industry Bill currently before the National Assembly. The central stage is the National Assembly, where senators and members of the House of Representatives are already sharply divided on the clause providing for the allocation of 10 per cent of oil revenue to oil-producing communities in the country. Also joining the fray are leaders of the South-South, who have vowed to fight for the

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Ex-militants impound illegal oil barges in Ondo

Ex-militants led by Chief Bebopiri Ajube, on Thursday seized five badges laden with crude oil on Ondo waterways from hoodlums. Operations Manager of Ajube’s Gallery Security Services Limited, Mr. Ebi Molos, stated this when he took journalists to Bolowo, a riverside community in Ese Odo Local Government Area of the state where the seizure was made. Putting the total stolen crude at 1.65m litres, he said each of the five barges contained at least

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Force not solution to Boko Haram – ACF

The Northern socio-political group, the Arewa Consultative Forum, on Thursday, told the Federal Government that force was not the solution to the Boko Haram challenge, submitting that dialogue remained the most viable option for ending activities of the violent Islamic sect. “It is very heartening to hear President Goodluck Jonathan say the security agents have been foiling attacks by Boko Haram of recent. “But this does not vitiate the need

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JTF impounds vessel with stolen oil

The Joint Task Force operating in the Niger Delta has arrested a vessel suspected to be carrying 1, 000 tonnes of crude oil off the coast of Bonny Island in Rivers. Commander of the 2 Brigade and Sector Two of the JTF, Maj.-Gen Tukur Buratai, paraded nine suspected crew members of the vessel before newsmen in Bonny on Tuesday. Buratai, represented by the 2 Brigade Army Public Relations Officer, Maj. Michael Etete, said the Nigerian registered vessel

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