The Federal Government has called on the global community and International oil traders to drop their appetite for stolen crude oil from Nigeria and join in the fight against the nefarious activities of oil thieves and pipeline vandals. The appeal signaled a major focus in tackling the demand side of the global oil theft matrix which is a growing menace to the smooth operation of the oil and gas industry in ...

Defiant Nigerian Petroleum Minister, Diezani Allison-Madueke has defended her decision to transfer the ownership of four oil blocs owned by the federal government through the Nigerian Petroleum Development Company Limited to a company owned by her and run by Mr. Jide Omokore,  Atlantic Energy Drilling Concept. The oil blocs are valued at over USD$15.72 trillion. The minister's defence of the flagrant lootin ...

The huge market of second hand or used cars, popularly called 'Tokunbo' usually brought into Nigeria from the United States through Cotonou in Benin republic may have suffered a fatal blow following findings by the American authorities that the vehicles are proceeds of drug trafficking and money laundering by some criminal networks operating in Lebanon and Africa. The report of the investigations by the U.S ...

Former managing director of the Nigerian Security Printing and Minting Company, Ehi Okomoyon has been arrested by the Economic and Financial Crimes Commission, EFCC. The former Mint boss, who recently resigned his appointment on the heels of the embarrassing disappearance of millions of N1000 currency notes from the company, was picked up on Sunday, April 14, 2013. Sources at the anti- graft agency informed ...

The Movement for the Emancipation of the Niger Delta (MEND) has threatened to direct its next round of attacks against mosques, hajj camps and any large assembly of muslims. The group which recently claimed responsibility for the killings of 13 JTF men in Bayelsa after it issued a statement on its attack to warn about the attack code named Hurricane Exodus said its latest attack code named Operation Barbaro ...

The Action Congress of Nigeria (ACN) has warned that the rising cases of crude oil theft and pipeline vandalism in the Niger Delta will definitely worsen the country's economic woes, when placed side by side with other problems besetting the country's troubled oil sector, unless the Federal Government acts decisively to stop the criminal act In a statement issued in Lagos today by its National Publicity Sec ...

Former FCT minister, Nasir El-Rufai has blasted his former boss, ex-vice president Atiku Abubakar who he accused of muddling facts to extricate himself from some less than transparent deals carried out in the name of privatisation of government utility companies during the tenure of former President Olusegun Obasanjo. The former minister was reacting to statements credited to the Atiku media office in respo ...

Weeks after signing the harmonized N4.987 trillion 2013 Appropriation Bill into law, President Goodluck Jonathan has rejected the budget and returned it to the National Assembly, insisting that the lawmakers must reverse themselves on a number of clauses including the zero budget for the Aruma Oteh led Securities and Exchange Commission, SEC. Besides the zero budget for SEC due to their call for the sack of ...

The federal government today intensified its efforts to cripple the multi-billionaire business empire of embattled lawyer turned businessman, Wale Babalakin who is the Chairman of Bi-Courtney Ltd. The government which recently terminated the company's concession on the Lagos-Ibadan expressway, also dragged the businessman before a high court in Lagos for money laundering charges. As if all that was not enou ...

Forty eight hours after placing a ban on its flight operations, the federal government again today asked the embattled airline to resume operations. The airline's flights were halted Saturday following a report of a fault in one of its aircrafts. Trouble began pouring in for the airline since June last year when its flight coming into Lagos from Abuja crashed in Iju-Ishaga area of Lagos killing all 154 pass ...