Monday, September 07, 2015

NNPC to recover N1.9tn from JV partners

Group Managing Director, NNPC, Dr. Ibe Kachikwu
The Nigerian National Petroleum Cooperation has commenced the process of recovering over $7bn (N1.4tn) in over-deducted tax benefits from joint venture partners on major capital projects.
It was learnt on Sunday that the corporation had also engaged an international accounting firm to ascertain the exact amount due to government on the Strategic Alliance Contracts entered by Nigerian Petroleum Development Company, where up to $2.46bn (N484.6bn) of government money would be recovered.

Igbo has best appointment under Buhari – Keyamo

Mr. Festus Keyamo

In this interview with ENIOLA AKINKUOTU, human rights lawyer, Mr. Festus Keyamo, speaks about President Muhammadu Buhari’s appointments

You are from the South-South. Why have you come out to defend President Muhammadu Buhari’s appointments which are largely in favour of the North?


Tuesday, August 18, 2015

Activities at the headquarters of the Federal Ministry of Finance were almost paralysed on Monday as officials from the National Industrial Court, Abuja Division, stormed the building to enforce a court judgement.
The officials, led by the Bailiff, NIC, Abuja division, Mr. Donatus Okwor, entered the building to enforce the court judgement which was delivered on February 19 last year.

The court had ordered the Ministry of Finance to pay compensation to some workers of the Federal Ministry of Foreign Affairs whose appointments were said to have been unjustly terminated.

The court officials, it was learnt, arrived the building and were making plans to confiscate property belonging to the ministry which would be commensurate with the compensation ordered by the court, when security operatives prevented them from doing so.

The development resulted into commotion which made the security agencies to shut the gates against guests who had business transactions to carry out in the ministry.

Speaking on the development, Okwor said the finance ministry had deliberately refused to obey the court judgement by paying the claims which run into millions of naira.

He said, “Actually, there is a judgement delivered by the National Industrial Court of Nigeria against the Federal Ministry of Finance and Federal Ministry of Foreign Affairs which specifies that they should pay the claimant a specific amount of money, whom they have dismissed from work.

“Since February 19, 2014 till now, they have refused to pay the judgement. So, we are here to execute the court judgement.

“Once it comes to execution of judgement, there is no way we can go back except if there is any motion pending, but as we speak now, there is no pending motion which will warrant the defendants not to pay the money.
“For now, they refused to pay the money and obey the judgement of the court.

“Since we are here to execute the judgement, once that is done, we will go back. Whenever they are ready within the time limit, they should come and pay the judgement sum and take back their vehicles or whichever items we can seize from the ministry.”

Attempt to get the ministry officials to speak on the development proved abortive, as repeated calls put to the spokesman for the ministry, Mr. Marshal Gundu, were not answered as of 7.10pm when the story was filed.
The court officials were still at the premises of the ministry as of the time of filing this report.

Wednesday, July 22, 2015

Welcome to Rev4mation's world: Lagos to recover 250-acre Ikorodu land

Welcome to Rev4mation's world: Lagos to recover 250-acre Ikorodu land: The Lagos State Government has ordered the state Taskforce on Environment and Special Offence Unit to recover 250 acres of land in Gber...

Lagos to recover 250-acre Ikorodu land

The Lagos State Government has ordered the state Taskforce on Environment and Special Offence Unit to recover 250 acres of land in Gberigbe, Ikorodu, allegedly taken over by a land grabber.

It was gathered that the land was given to a family for farming in the 80s by the Ministry of Agriculture and Cooperatives.

Read more.

Toyota launches new generation seven-seater Fortuner

Toyota has unveiled a second generation of its famous sport utility vehicle, Fortuner, riding on the global success of the outgoing model.

The 2016 seven-seater family SUV was unveiled simultaneously last week in Australia and Thailand. No date has been fixed yet for its launch in other markets, including Nigeria.

Read more.

I won’t spare any corrupt APC member –Buhari

President Muhammadu Buhari has said that his government will not spare any member of the All Progressives Congress as well as associates found culpable of corruption.

The President, who is currently on a four-day visit to the United States President, Barack Obama, said this during an interview with the CNN anchor, Christiane Amanpour.

Read more.