The Federal Government has initiated moves to stop landlords from collecting rents in advance. The Attorney-General of the Federation and Minister of Justice, Mr Michael Aondoakaa, who disclosed the development, also charged state commissioners of justice to initiate legislation that … read more
Nigeria will not invite any foreign mediators to help it deal with the crisis bedevilling the oil-rich Niger Delta, President Umaru Yar’Adua said Friday. “We are trying to avoid a situation in which the issue will be internationalised… We cannot … read more
Gunmen who hijacked a supply ship working for U.S. energy giant Chevron in Nigeria have drastically reduced their ransom demand to 5 million naira (21,807 pounds) from 30 million naira, security sources said on Friday. The unidentified gunmen seized the … read more
Nigerian firefighters battled Friday to put out flames pouring from a burst oil pipeline a day after a huge explosion that Red Cross officials said killed 100 people. An excavator accidentally pierced the pipeline, creating a lake of petrol that … read more
At least 100 people have been killed in an oil pipeline explosion in Nigeria’s commercial capital Lagos, the local Red Cross says. The explosion tore through the Ijegun suburb, engulfing schools and homes after a bulldozer burst the pipeline, reports … read more
In what is a major indictment on its business activities, Willbros, an oil and gas industry services firm, has agreed to pay over $32 million in fines and forfeitures to settle allegations of bribery, according to documents made available by … read more
RETIRED Assistant Inspector-General of Police, Mrs. Faridah Waziri, was yesterday named Chairman of the Economic and Financial Crimes Commission (EFCC) although in an acting capacity. Her appointment, announced by the Secretary to the Government of the Federation, Alhaji Babagana Kingibe, … read more
The Minister of State for Agriculture and Water Resources, Alhaji Adamu Waziri yesterday says Nigeria does not need to import food. The Minister who blamed the poverty situation in Nigeria on lack of proper coordination of NAPEP programme from the … read more
THE Federal Government has disclosed that the recent oil and gas reform would address the problem of expatriate quota and ensure its proper application in the petroleum industry. The Minister of State for Energy (Petroleum), Mr. Odein Ajumogobia, said this … read more
The Securities and Exchange Commission today filed a settled enforcement action charging Willbros Group, Inc. and four former employees with violations of the Foreign Corrupt Practices Act (FCPA), alleging that they paid more than $6 million in undisclosed bribes to … read more